Marshall Wace LLP Has $1.39 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Marshall Wace LLP boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 82.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,373 shares of the company's stock after purchasing an additional 4,695 shares during the quarter. Marshall Wace LLP's holdings in Jacobs Solutions were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC increased its stake in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares during the period. Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after buying an additional 248 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in Jacobs Solutions in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Citigroup dropped their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday. Finally, Truist Financial dropped their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Up 0.8 %

J opened at $122.54 on Tuesday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year 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 company has a market cap of $15.02 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a fifty day moving average price of $121.14 and a two-hundred day moving average price 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 earnings per share 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 the consensus estimate 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 was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a dividend of $0.32 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

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

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.

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