Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 149.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,582 shares of the company's stock after acquiring an additional 41,045 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of Jacobs Solutions worth $9,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its position in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after purchasing an additional 3,597,564 shares during the last quarter. Lazard Asset Management LLC raised its stake in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares during the period. Ninety One UK Ltd raised its stake in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares during the period. Proficio Capital Partners LLC raised its stake in Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after purchasing an additional 446,057 shares during the period. Finally, Deutsche Bank AG increased its stake in Jacobs Solutions by 148.2% in the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after acquiring an additional 396,759 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

J has been the topic of a number of research reports. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird reduced their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial boosted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, UBS Group cut their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Trading Down 0.5%

J traded down $0.68 during trading hours on Wednesday, reaching $127.44. 190,134 shares of the company's stock traded hands, compared to its average volume of 801,694. The firm has a 50-day moving average price of $121.20 and a 200 day moving average price of $130.17. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $15.31 billion, a PE ratio of 26.28, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the business earned $1.91 EPS. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

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

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.