Asset Management One Co. Ltd. Has $9.62 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Asset Management One Co. Ltd. cut its stake in Jacobs Solutions Inc. (NYSE:J) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,209 shares of the company’s stock after selling 5,099 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Jacobs Solutions worth $9,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares during the last quarter. Quarry LP boosted its stake in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after buying an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth about $42,000. True Wealth Design LLC acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth about $44,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Jacobs Solutions during the 4th quarter worth about $65,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 1.2 %

Shares of J opened at $128.81 on Tuesday. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The company has a market cap of $15.78 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $135.47 and a two-hundred day simple moving average of $140.37.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. 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 authorized a stock repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. Jacobs Solutions’s payout ratio is currently 23.92%.

Analyst Ratings Changes

A number of equities analysts recently commented on J shares. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird reduced 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. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus 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.