MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Jacobs Solutions Inc. (NYSE:J)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 903,698 shares of the company's stock after acquiring an additional 71,248 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of Jacobs Solutions worth $120,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Jacobs Solutions by 31.7% in the third quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after purchasing an additional 75,318 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Jacobs Solutions by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company's stock valued at $19,056,000 after buying an additional 5,959 shares in the last quarter. Czech National Bank lifted its stake in shares of Jacobs Solutions by 5.6% during the 4th quarter. Czech National Bank now owns 26,940 shares of the company's stock valued at $3,600,000 after buying an additional 1,433 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at approximately $1,163,000. Finally, Tlwm lifted its stake in shares of Jacobs Solutions by 2.8% during the 4th quarter. Tlwm now owns 6,120 shares of the company's stock valued at $818,000 after buying an additional 169 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

J has been the topic of a number of recent research reports. Truist Financial dropped their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada increased their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group lowered their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.29.

Jacobs Solutions Price Performance

J stock opened at $122.78 on Monday. 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 Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The firm's fifty day moving average is $120.47 and its 200 day moving average is $130.74. The firm has a market cap of $15.05 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm earned $1.91 EPS. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership 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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