Jacobs Solutions Inc. (NYSE:J) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 40.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,763 shares of the company’s stock after selling 149,613 shares during the quarter. AGF Management Ltd. owned 0.18% of Jacobs Solutions worth $28,830,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Empirical Finance LLC increased its holdings in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after purchasing an additional 92 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after purchasing an additional 95 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 1.0 %

J stock opened at $122.34 on Wednesday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 25.22, a PEG ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The company has a 50 day moving average price of $132.49 and a two-hundred day moving average price of $138.19.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the company earned $1.45 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. Jacobs Solutions’s payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has authorized a stock buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.89.

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.