Inceptionr LLC Buys Shares of 9,706 Jacobs Solutions Inc. (NYSE:J)

Inceptionr LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,706 shares of the company's stock, valued at approximately $1,297,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of J. Geode Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock valued at $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Ninety One UK Ltd raised its position in Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after buying an additional 449,161 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after acquiring an additional 32,650 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock valued at $119,724,000 after acquiring an additional 78,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jacobs Solutions by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company's stock valued at $103,941,000 after acquiring an additional 17,372 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of brokerages recently weighed in on J. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Truist Financial upped their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. 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, StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $155.89.

Jacobs Solutions Trading Down 0.7 %

NYSE J traded down $0.93 during trading hours on Monday, reaching $123.60. The company had a trading volume of 892,765 shares, compared to its average volume of 842,168. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $132.92 and a 200 day moving average of $138.56. The stock has a market capitalization of $15.15 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same period last year, the firm earned $1.45 earnings per share. Jacobs Solutions's quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions 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.