Jacobs Solutions Inc. (NYSE:J) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 132.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,615 shares of the company's stock after purchasing an additional 13,437 shares during the period. TD Waterhouse Canada Inc.'s holdings in Jacobs Solutions were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new position in shares of Jacobs Solutions in the 4th quarter valued at $33,000. Larson Financial Group LLC lifted its position in shares of Jacobs Solutions by 71.9% during 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 last quarter. Assetmark Inc. boosted its holdings in shares of 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 in the last quarter. Catalyst Capital Advisors LLC grew its position in shares of Jacobs Solutions by 215.7% in 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 last quarter. Finally, Transce3nd LLC bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $53,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $0.75 during midday trading on Tuesday, reaching $123.16. The company had a trading volume of 154,526 shares, compared to its average volume of 780,115. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The company has a market capitalization of $15.09 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.84 and a beta of 0.73. The firm's fifty day simple moving average is $121.14 and its 200-day simple moving average is $131.89.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The business 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 company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

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

Wall Street Analyst Weigh In

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