Aristotle Capital Boston LLC Sells 3,882 Shares of Jacobs Solutions Inc. (NYSE:J)

Aristotle Capital Boston LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,842 shares of the company’s stock after selling 3,882 shares during the period. Aristotle Capital Boston LLC’s holdings in Jacobs Solutions were worth $5,591,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its stake in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock worth $1,471,000 after acquiring an additional 83 shares during the last quarter. Evoke Wealth LLC boosted its position in shares of Jacobs Solutions by 0.7% during the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock worth $1,655,000 after purchasing an additional 88 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Jacobs Solutions by 10.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after buying an additional 92 shares during the period. Greenleaf Trust increased its position in shares of Jacobs Solutions by 3.5% in the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after buying an additional 95 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

J has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Truist Financial dropped their target price 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. Finally, 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 report on Friday, April 25th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Stock Performance

Shares of J opened at $127.06 on Friday. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The firm has a fifty day simple moving average of $120.83 and a 200 day simple moving average of $131.53. 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 (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating 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 company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company earned $1.45 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has initiated a share 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 purchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s payout ratio is presently 26.39%.

Jacobs Solutions Company 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.