Jacobs Solutions Inc. (NYSE:J) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,807 shares of the company’s stock after selling 155 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Jacobs Solutions were worth $8,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Jacobs Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after purchasing an additional 73,566 shares during the period. Ninety One UK Ltd grew its position in Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after buying an additional 449,161 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after buying an additional 32,650 shares during the period. Bank of New York Mellon Corp raised its position in shares of Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company’s stock worth $119,724,000 after buying an additional 78,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Jacobs Solutions by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after acquiring an additional 14,405 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 1.1 %

Shares of J stock opened at $127.02 on Wednesday. The firm’s fifty day moving average price is $134.51 and its two-hundred day moving average price is $139.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm has a market capitalization of $15.57 billion, a P/E ratio of 26.19, a PEG ratio of 1.84 and a beta of 0.72.

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

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions declared that its board has authorized a stock repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial upped their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Robert W. Baird cut their price objective 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, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.89.

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.