Gotham Asset Management LLC Has $18.13 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Gotham Asset Management LLC lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 12.7% during the 4th quarter, Holdings Channel reports. The firm owned 135,644 shares of the company’s stock after acquiring an additional 15,249 shares during the period. Gotham Asset Management LLC’s holdings in Jacobs Solutions were worth $18,125,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Colonial Trust Co SC boosted its holdings in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. Avalon Trust Co acquired a new position in shares of Jacobs Solutions during the 4th quarter worth about $33,000. Larson Financial Group LLC increased its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the last quarter. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after buying an additional 190 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

J opened at $122.78 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 25.32, a PEG ratio of 1.84 and a beta of 0.77. The stock has a 50-day moving average price of $120.47 and a 200-day moving average price of $130.89. 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 12-month low of $106.23 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.91 earnings per share. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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. Investors of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 35.26%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Citigroup lowered their price objective 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. Robert W. Baird dropped their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. UBS Group decreased their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday. Finally, Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

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.