Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Axa S.A.

Axa S.A. boosted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 148.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 91,180 shares of the company's stock after acquiring an additional 54,469 shares during the quarter. Axa S.A. owned about 0.07% of Jacobs Solutions worth $12,183,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP raised its holdings in shares of Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock worth $1,993,000 after purchasing an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares during the period. Occidental Asset Management LLC lifted its holdings in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares during the period. National Bank of Canada FI boosted its stake in shares of Jacobs Solutions by 956.8% in the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after buying an additional 239,764 shares during the last quarter. Finally, Keene & Associates Inc. acquired a new stake in Jacobs Solutions during the fourth quarter worth about $2,973,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $126.64 on Tuesday. The company has a fifty day moving average of $120.84 and a two-hundred day moving average of $131.32. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The stock has a market capitalization of $15.52 billion, a PE ratio of 26.11, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company posted $1.45 EPS. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have commented on J. Truist Financial lowered their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup cut their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

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