5,857 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by South Plains Financial Inc.

South Plains Financial Inc. purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,857 shares of the company's stock, valued at approximately $783,000.

A number of other institutional investors also recently added to or reduced their stakes in J. Kovitz Investment Group Partners LLC grew its stake in Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after buying an additional 3,597,564 shares during the last quarter. Ninety One UK Ltd increased its holdings 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 in the last quarter. Proficio Capital Partners LLC raised its position in Jacobs Solutions by 15,913.6% in 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 last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Jacobs Solutions by 40.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock worth $134,637,000 after purchasing an additional 289,573 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Jacobs Solutions by 138.9% during the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company's stock worth $64,065,000 after purchasing an additional 278,777 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 5.5 %

Shares of Jacobs Solutions stock traded down $7.01 on Tuesday, hitting $119.63. 767,817 shares of the company's stock traded hands, compared to its average volume of 796,772. The firm's 50-day moving average price is $120.84 and its two-hundred day moving average price is $131.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $14.66 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm's revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $1.91 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its board has authorized 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 reacquire up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.07%. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial reduced 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 report on Tuesday, April 8th. Robert W. Baird reduced 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 report on Wednesday, February 5th. Finally, Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

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.