National Bank of Canada FI Raises Position in Jacobs Solutions Inc. (NYSE:J)

National Bank of Canada FI boosted its position in Jacobs Solutions Inc. (NYSE:J) by 956.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,824 shares of the company’s stock after purchasing an additional 239,764 shares during the period. National Bank of Canada FI’s holdings in Jacobs Solutions were worth $35,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of J. FMR LLC lifted its position in shares of Jacobs Solutions by 3.9% during the 3rd quarter. FMR LLC now owns 79,358 shares of the company’s stock valued at $10,388,000 after buying an additional 3,011 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Jacobs Solutions by 412.3% during the third quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company’s stock valued at $3,155,000 after purchasing an additional 19,400 shares during the last quarter. Captrust Financial Advisors boosted its position in Jacobs Solutions by 4.5% during the third quarter. Captrust Financial Advisors now owns 24,601 shares of the company’s stock worth $3,220,000 after purchasing an additional 1,059 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Jacobs Solutions by 27,300.0% in the third quarter. Benjamin Edwards Inc. now owns 1,644 shares of the company’s stock worth $215,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its position in shares of Jacobs Solutions by 6.3% in the third quarter. Hilltop Holdings Inc. now owns 5,216 shares of the company’s stock valued at $683,000 after purchasing an additional 310 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 2.2 %

Shares of J opened at $124.61 on Thursday. Jacobs Solutions Inc. has a 1-year low of $118.67 and a 1-year high of $156.31. The company has a market capitalization of $15.27 billion, a P/E ratio of 25.69, a P/E/G 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. The firm’s 50 day simple moving average is $128.29 and its 200 day simple moving average is $135.56.

Jacobs Solutions (NYSE:J) last posted 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 net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company posted $1.45 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. Jacobs Solutions’s dividend payout ratio is 26.39%.

Wall Street Analyst Weigh In

J has been the subject of several analyst reports. Robert W. Baird cut their price objective 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. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $153.86.

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.