Callan Family Office LLC Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Callan Family Office LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,103 shares of the company's stock, valued at approximately $281,000.

A number of other large investors have also recently bought and sold shares of J. Heritage Family Offices LLP raised its holdings in Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock worth $1,993,000 after acquiring an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Jacobs Solutions by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after purchasing an additional 175 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jacobs Solutions by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock valued at $56,778,000 after buying an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Jacobs Solutions during the third quarter worth $3,205,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. Benchmark downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Robert W. Baird cut their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Citigroup reduced their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.89.

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Jacobs Solutions Stock Performance

NYSE:J traded up $3.24 during mid-day trading on Friday, reaching $122.50. 995,936 shares of the company's stock were exchanged, compared to its average volume of 854,427. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The business's fifty day simple moving average is $131.98 and its two-hundred day simple moving average is $137.94. The firm has a market capitalization of $15.01 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Increases Dividend

The business also recently announced 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 is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions announced that its board has authorized a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is 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.