Keybank National Association OH Buys 842 Shares of Jacobs Solutions Inc. (NYSE:J)

Keybank National Association OH raised its stake in Jacobs Solutions Inc. (NYSE:J) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,487 shares of the company’s stock after purchasing an additional 842 shares during the quarter. Keybank National Association OH’s holdings in Jacobs Solutions were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of J. Farther Finance Advisors LLC increased its holdings in shares of Jacobs Solutions by 351.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,251 shares of the company’s stock worth $297,000 after buying an additional 1,752 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Jacobs Solutions by 300.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 41,443 shares of the company’s stock worth $5,425,000 after buying an additional 31,100 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Jacobs Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock worth $19,056,000 after buying an additional 5,959 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth about $42,000. Finally, Atria Investments Inc increased its holdings in shares of Jacobs Solutions by 86.8% in the 3rd quarter. Atria Investments Inc now owns 14,852 shares of the company’s stock worth $1,944,000 after buying an additional 6,902 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $124.62 on Friday. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth 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. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm has a 50-day moving average of $132.92 and a two-hundred day moving average of $138.62.

Jacobs Solutions (NYSE:J) last released 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. The company had revenue of $2.93 billion during 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 firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Wall Street Analyst Weigh In

J has been the topic of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Robert W. Baird dropped 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 note on Wednesday, February 5th. Truist Financial lifted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Citigroup dropped 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 note on Wednesday, January 29th. Finally, Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.89.

About Jacobs Solutions

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.