Mariner LLC Has $7.64 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Mariner LLC trimmed its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,143 shares of the company's stock after selling 11,442 shares during the period. Mariner LLC's holdings in Jacobs Solutions were worth $7,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Avalon Trust Co acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $33,000. Larson Financial Group LLC increased 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 worth $37,000 after purchasing an additional 115 shares during the period. Assetmark Inc. grew its position in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after purchasing an additional 248 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Jacobs Solutions during the fourth quarter worth $65,000. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

J has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird lowered their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.14.

Jacobs Solutions Price Performance

J stock traded up $2.67 during mid-day trading on Thursday, hitting $121.87. The stock had a trading volume of 166,765 shares, compared to its average volume of 776,827. The firm has a fifty day simple moving average of $121.60 and a 200 day simple moving average of $132.28. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $14.93 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 4.28% and a return on equity of 14.87%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has approved a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

About Jacobs Solutions

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.