Jacobs Solutions Inc. (NYSE:J) has grabbed the attention of several reputed investors and financial institutions recently, resulting in change in holdings. Many have increased their stake, including
First Trust Advisors LP, TD Waterhouse Canada Inc., Evergreen Capital Management LLC, Curi RMB Capital LLC, Raymond James Financial Inc and
Mariner LLC. However, some such as
Canada Pension Plan Investment Board, Synovus Financial Corp, Barclays PLC, JPMorgan Chase & Co., Invesco Ltd. and
Renaissance Technologies LLC have reduced their holdings.
Mariner LLC now holds $7.64 million worth of Jacobs Solutions' stocks. Institutional owners currently dominate 87% of the shares, reaffirming its credibility in the market. Meanwhile,
Federated Hermes Inc. and
Geode Capital Management LLC increased their stock positions. The stock has shown both hints of weakness and potential upside, attracting diverse opinions. Factors like
Jacobs Solutions' announcement of increasing its dividend to $0.32 per share has fueled further interest. Additionally, a surprise $70M deal closure brought a stock distribution, which will delight shareholders. Jacobs also recently executed a $1.5 billion stock buyback plan and announced a major equity swap accelerating its tech-focused transformation. Such moves can significantly impact the market valuation.
Jacobs Solutions Stocks News Analytics from Fri, 13 Sep 2024 07:00:00 GMT to Sat, 26 Apr 2025 18:37:05 GMT -
Rating 4
- Innovation -1
- Information 3
- Rumor -6
