DRW Securities LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,360 shares of the company's stock, valued at approximately $315,000.
Other institutional investors have also recently modified their holdings of the company. Avalon Trust Co acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC lifted its stake in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares in the last quarter. Quarry LP grew its position in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Assetmark Inc. grew its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after buying an additional 248 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Jacobs Solutions Stock Performance
Shares of NYSE J traded up $0.11 during mid-day trading on Wednesday, reaching $117.62. 119,630 shares of the company's stock were exchanged, compared to its average volume of 895,710. The firm has a 50-day moving average price of $123.33 and a two-hundred day moving average price of $133.01. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $150.54. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.
Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.
Jacobs Solutions announced that its board has approved a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
Jacobs Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on J shares. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial lowered their target price on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.14.
View Our Latest Stock Analysis on J
Jacobs Solutions Company Profile
(
Free Report)
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.
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