Jacobs Solutions Inc. (NYSE:J) Plans Dividend Increase – $0.26 Per Share

Jacobs Solutions Inc. (NYSE:JGet Rating) declared a quarterly dividend on Wednesday, January 25th, RTT News reports. Shareholders of record on Friday, February 24th will be paid a dividend of 0.26 per share on Friday, March 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.85%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.23.

Jacobs Solutions has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jacobs Solutions to earn $8.33 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 11.0%.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.55 during mid-day trading on Wednesday, reaching $121.90. 815,134 shares of the company traded hands, compared to its average volume of 580,715. The firm has a market cap of $15.43 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. Jacobs Solutions has a fifty-two week low of $106.78 and a fifty-two week high of $150.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a fifty day simple moving average of $122.70 and a 200-day simple moving average of $122.10.

Jacobs Solutions (NYSE:JGet Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.85 billion. Jacobs Solutions had a net margin of 4.32% and a return on equity of 14.76%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Equities research analysts anticipate that Jacobs Solutions will post 7.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on J. Robert W. Baird upgraded shares of Jacobs Solutions from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $136.00 to $150.00 in a report on Friday, January 6th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Royal Bank of Canada dropped their price target on shares of Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 22nd. Credit Suisse Group upped their target price on shares of Jacobs Solutions from $154.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Finally, Bank of America downgraded shares of Jacobs Solutions from a “buy” rating to a “neutral” rating and set a $137.00 target price for the company. in a research note on Friday, January 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.33.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 4,000 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $122.70, for a total value of $490,800.00. Following the completion of the sale, the director now owns 33,123 shares in the company, valued at $4,064,192.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Steven J. Demetriou sold 6,666 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $125.95, for a total value of $839,582.70. Following the transaction, the chief executive officer now directly owns 627,954 shares of the company’s stock, valued at $79,090,806.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher M.T. Thompson sold 4,000 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $122.70, for a total transaction of $490,800.00. Following the completion of the transaction, the director now directly owns 33,123 shares in the company, valued at $4,064,192.10. The disclosure for this sale can be found here. Insiders sold a total of 61,796 shares of company stock worth $7,726,746 over the last quarter. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Jacobs Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock worth $1,929,175,000 after acquiring an additional 250,587 shares during the period. Capital International Investors increased its position in Jacobs Solutions by 8.1% during the first quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock worth $558,055,000 after acquiring an additional 304,996 shares during the period. Invesco Ltd. increased its position in Jacobs Solutions by 44.6% during the first quarter. Invesco Ltd. now owns 1,291,182 shares of the company’s stock worth $177,937,000 after acquiring an additional 398,033 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jacobs Solutions by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 974,195 shares of the company’s stock worth $134,254,000 after acquiring an additional 25,548 shares during the period. Finally, Mackenzie Financial Corp increased its position in Jacobs Solutions by 1,162.8% during the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after acquiring an additional 798,125 shares during the period. 85.96% of the stock is owned by institutional investors.

About Jacobs Solutions

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.

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Dividend History for Jacobs Solutions (NYSE:J)

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