Clayton Partners LLC Has $4.03 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Clayton Partners LLC grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,167 shares of the company's stock after acquiring an additional 3,622 shares during the quarter. Jacobs Solutions accounts for about 2.8% of Clayton Partners LLC's holdings, making the stock its 13th largest position. Clayton Partners LLC's holdings in Jacobs Solutions were worth $4,031,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

A number of equities research analysts recently commented on J shares. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $153.63.

Jacobs Solutions Trading Down 2.0 %

J stock traded down $2.50 during midday trading on Thursday, hitting $121.75. 1,247,267 shares of the company's stock were exchanged, compared to its average volume of 698,305. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. 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 company has a market cap of $14.92 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock's fifty day moving average price is $131.19 and its 200-day moving average price is $137.10.

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

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

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's payout ratio is presently 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.