Jacobs Solutions Inc. (NYSE:J) Stock Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 15.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,836 shares of the company’s stock after acquiring an additional 523 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Jacobs Solutions were worth $513,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Jacobs Solutions in the 2nd quarter worth approximately $1,467,000. Czech National Bank lifted its position in Jacobs Solutions by 6.9% in the 3rd quarter. Czech National Bank now owns 25,507 shares of the company’s stock worth $3,339,000 after buying an additional 1,646 shares in the last quarter. GAMMA Investing LLC lifted its position in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares in the last quarter. Fulton Bank N.A. lifted its position in Jacobs Solutions by 3.5% in the 3rd quarter. Fulton Bank N.A. now owns 7,768 shares of the company’s stock worth $1,017,000 after buying an additional 262 shares in the last quarter. Finally, Cape ANN Savings Bank lifted its position in Jacobs Solutions by 2.4% in the 3rd quarter. Cape ANN Savings Bank now owns 7,124 shares of the company’s stock worth $933,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $133.89 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm’s fifty day simple moving average is $136.77 and its 200 day simple moving average is $141.29. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.61 billion, a PE ratio of 21.15, a PEG ratio of 2.11 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.45 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.96%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 18.33%.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on J. Robert W. Baird increased their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup dropped their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial increased 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $156.00.

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.