Jacobs Solutions Inc. (NYSE:J) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC lessened its position in Jacobs Solutions Inc. (NYSE:J) by 33.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,295 shares of the company’s stock after selling 1,680 shares during the period. Seelaus Asset Management LLC’s holdings in Jacobs Solutions were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in J. Ninety One UK Ltd raised its position in Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $46,168,000. Soros Fund Management LLC increased its holdings in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Jacobs Solutions by 28.1% in the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock valued at $70,296,000 after purchasing an additional 117,940 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Jacobs Solutions by 19.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after buying an additional 107,849 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Stock Performance

NYSE J opened at $133.97 on Friday. The firm has a market capitalization of $16.42 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The business’s 50-day simple moving average is $136.17 and its 200-day simple moving average is $140.97.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 23.92%.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Jacobs Solutions 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.