Evergreen Capital Management LLC Raises Stake in Jacobs Solutions Inc. (NYSE:J)

Evergreen Capital Management LLC boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,123 shares of the company's stock after acquiring an additional 3,609 shares during the period. Evergreen Capital Management LLC owned 0.06% of Jacobs Solutions worth $9,236,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in J. Barclays PLC raised its holdings in shares of Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock worth $40,933,000 after acquiring an additional 75,318 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Jacobs Solutions by 151.2% in the third quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock worth $612,000 after purchasing an additional 2,814 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of Jacobs Solutions by 3.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock worth $2,729,000 after purchasing an additional 630 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Jacobs Solutions by 79.8% in the third quarter. Sanctuary Advisors LLC now owns 18,201 shares of the company's stock valued at $2,500,000 after purchasing an additional 8,076 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Jacobs Solutions during the third quarter valued at approximately $3,205,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial dropped their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $152.14.

Jacobs Solutions Stock Performance

J traded up $0.60 during trading on Friday, hitting $117.18. 655,536 shares of the company traded hands, compared to its average volume of 775,297. The firm has a market cap of $14.36 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The stock's fifty day moving average is $122.32 and its 200 day moving average is $132.70.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company 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 firm posted $1.45 EPS. Jacobs Solutions's revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.09%. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback 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 stock through open market purchases. Stock buyback plans are generally a sign that the company's management 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.