6 days Ago By ABMN Staff
Franklin Resources Inc. boosted its stake in shares of Jacobs Solutions Inc. ( NYSE:J – Free Report ) by 7.
3% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,290 shares of the company’s stock after purchasing an additional 628 shares during the quarter.
Franklin Resources Inc.’s holdings in Jacobs Solutions were worth $1,241,000 as of its most recent filing with the SEC. Other institutional investors have also modified their holdings of the company.
Cannell & Spears LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $5,271,000. Alliancebernstein L.P.
increased its holdings in shares of Jacobs Solutions by 7.0% during the 4th quarter. Alliancebernstein L.
P. now owns 153,063 shares of the company’s stock valued at $20,452,000 after purchasing an additional 10,043 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Jacobs Solutions by 12.
9% in the 4th quarter. Wellington Management Group LLP now owns 284,247 shares of the company’s stock valued at $37,981,000 after purchasing an additional 32,515 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Jacobs Solutions by 15.
1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,807 shares of the company’s stock worth $1,578,000 after buying an additional 1,553 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Jacobs Solutions by 27.
3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,227 shares of the company’s stock valued at $1,095,000 after buying an additional 1,763 shares during the period. Hedge funds and other institutional investors own 85.
65% of the company’s stock. Jacobs Solutions Stock Performance Shares of NYSE:J opened at $117.74 on Tuesday.
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 $106.
23 and a 1 year high of $156.31. The firm has a market capitalization of $14.
43 billion, a PE ratio of 24.28, a P/E/G ratio of 1.84 and a beta of 0.
73. The business’s 50 day moving average price is $123.65 and its 200-day moving average price is $133.
12. Jacobs Solutions Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a dividend of $0.
32 per share. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29.
This represents a $1.28 annualized dividend and a dividend yield of 1.09%.
The ex-dividend date was Friday, February 21st. Jacobs Solutions’s payout ratio is currently 26.39%.
Jacobs Solutions declared that its board has approved a stock repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases.
Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued. Analysts Set New Price Targets A number of brokerages have weighed in on J. 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.
Truist Financial lowered their price target on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th.
Finally, Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.
Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $152.
14. Read Our Latest Stock Report on J About Jacobs Solutions ( Free Report ) 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.
See Also Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. ( NYSE:J – Free Report ).
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