Intech Investment Management LLC Sells 11,696 Shares of Jacobs Solutions Inc. (NYSE:J)

Intech Investment Management LLC lessened its position in Jacobs Solutions Inc. (NYSE:J) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,549 shares of the company’s stock after selling 11,696 shares during the period. Intech Investment Management LLC’s holdings in Jacobs Solutions were worth $2,612,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of J. Ninety One UK Ltd increased its stake in Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after acquiring an additional 446,057 shares in the last quarter. Sessa Capital IM L.P. bought a new stake in shares of Jacobs Solutions during the third quarter worth $46,168,000. Natixis Advisors LLC increased its position in shares of Jacobs Solutions by 138.9% during the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after acquiring an additional 278,777 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Jacobs Solutions during the fourth quarter worth $24,069,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $124.33 on Thursday. The stock has a market cap of $15.24 billion, a P/E ratio of 25.63, 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 company has a fifty day moving average price of $131.19 and a two-hundred day moving average price of $137.10. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The firm 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 company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions announced that its board has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on J. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird decreased their target price 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. Finally, Citigroup decreased their target price 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Hold” and a consensus price target of $153.63.

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.