Global Retirement Partners LLC Sells 84 Shares of Jacobs Solutions Inc. (NYSE:J)

Global Retirement Partners LLC reduced its stake in Jacobs Solutions Inc. (NYSE:JFree Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,401 shares of the company’s stock after selling 84 shares during the period. Global Retirement Partners LLC’s holdings in Jacobs Solutions were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted 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 worth $410,444,000 after purchasing an additional 73,566 shares during the period. Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after buying an additional 449,161 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after acquiring an additional 32,650 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after buying an additional 14,405 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock valued at $85,099,000 after purchasing an additional 107,849 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $127.02 on Wednesday. The company has a market cap of $15.57 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.84 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 1.25. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The stock’s fifty day moving average price is $134.51 and its 200-day moving average price is $139.74.

Jacobs Solutions (NYSE:JGet Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has approved 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 usually an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on J. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $155.89.

Check Out Our Latest Report on J

Jacobs Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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