Jacobs Solutions Inc. (NYSE:J) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 673,832 shares of the company’s stock after acquiring an additional 23,722 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jacobs Solutions were worth $90,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC raised its holdings 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 purchasing an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company’s stock valued at $420,626,000 after buying an additional 10,174 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock valued at $281,808,000 after buying an additional 1,904,988 shares during the last quarter. Ninety One UK Ltd raised its stake 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 worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Jacobs Solutions by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company’s stock valued at $241,746,000 after acquiring an additional 157,086 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on J. Robert W. Baird dropped their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. UBS Group reduced their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Jacobs Solutions Stock Down 0.8%

Jacobs Solutions stock opened at $125.83 on Friday. The stock’s 50 day moving average price is $121.43 and its 200 day moving average price is $129.95. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company has a market cap of $15.12 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. 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 (NYSE:J) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the company posted $1.91 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board 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 a sign that the company’s board believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. Jacobs Solutions’s payout ratio is 35.26%.

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.