Bank of Jackson Hole Trust Purchases Shares of 4,890 Jacobs Solutions Inc. (NYSE:J)

Bank of Jackson Hole Trust purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,890 shares of the company's stock, valued at approximately $653,000.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares in the last quarter. Quarry LP boosted its stake in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at $42,000. True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the third quarter valued at about $44,000. Finally, Catalyst Capital Advisors LLC increased its stake in Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.8 %

Shares of NYSE J traded down $1.01 during midday trading on Friday, hitting $129.12. The stock had a trading volume of 1,583,644 shares, compared to its average volume of 799,533. The company has a market cap of $15.82 billion, a P/E ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $134.99 and its 200-day moving average is $140.03.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly 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. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its board has initiated a share buyback program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions's payout ratio is presently 23.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Truist Financial boosted their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.89.

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.