Jacobs Solutions Inc. (NYSE:J) Stock Position Lowered by Stifel Financial Corp

Stifel Financial Corp lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,100 shares of the company's stock after selling 10,003 shares during the quarter. Stifel Financial Corp's holdings in Jacobs Solutions were worth $7,497,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. Avalon Trust Co acquired a new position in Jacobs Solutions in the 4th quarter valued at approximately $33,000. Larson Financial Group LLC raised its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after purchasing an additional 248 shares in the last quarter. Finally, Transce3nd LLC bought a new position in shares of Jacobs Solutions during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday. Truist Financial cut their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Five equities 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.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Up 0.8 %

NYSE J opened at $122.54 on Tuesday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $15.02 billion, a PE ratio of 25.27, a PEG ratio of 1.84 and a beta of 0.73. The firm has a 50-day simple moving average of $121.14 and a 200 day simple moving average of $131.89.

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

Jacobs Solutions announced that its board has authorized a stock repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.04%. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.