Canada Post Corp Registered Pension Plan Makes New $299,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Canada Post Corp Registered Pension Plan purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,236 shares of the company’s stock, valued at approximately $299,000.

Other large investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Larson Financial Group LLC increased its position in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in Jacobs Solutions by 215.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after acquiring an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth about $65,000. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on J shares. Robert W. Baird decreased their price objective 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. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.14.

Jacobs Solutions Stock Down 0.8 %

NYSE:J opened at $116.61 on Thursday. The firm has a market capitalization of $14.29 billion, a P/E ratio of 24.04, a PEG ratio of 1.84 and a beta of 0.73. The company’s fifty day moving average price is $122.98 and its 200-day moving average price is $132.90. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its board has initiated a stock repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, February 21st. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 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.