Jacobs Solutions Inc. (NYSE:J) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,234 shares of the company's stock after buying an additional 2,509 shares during the period. Blair William & Co. IL's holdings in Jacobs Solutions were worth $7,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of J. Avalon Trust Co acquired a new stake in Jacobs Solutions in the fourth quarter worth about $33,000. Larson Financial Group LLC boosted its stake in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares in the last quarter. Quarry LP increased its stake in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the third quarter worth $44,000. Finally, Assetmark Inc. lifted its stake in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on J shares. Citigroup reduced 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. 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. 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 report on Thursday, December 19th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Robert W. Baird cut 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 note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.86.

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Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded down $5.78 during trading hours on Thursday, reaching $118.74. The stock had a trading volume of 239,100 shares, compared to its average volume of 751,136. The stock's 50 day moving average is $128.29 and its 200 day moving average is $135.56. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a twelve month low of $118.66 and a twelve month high of $156.31. The firm has a market capitalization of $14.55 billion, a PE ratio of 24.48, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.92 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, February 21st. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions Company 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.