F M Investments LLC Lowers Position in Jacobs Solutions Inc. (NYSE:J)

F M Investments LLC lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 28.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,179 shares of the company's stock after selling 31,810 shares during the quarter. F M Investments LLC owned approximately 0.06% of Jacobs Solutions worth $10,446,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of J. Avalon Trust Co purchased a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $33,000. Larson Financial Group LLC boosted its position in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Quarry LP grew its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares during the period. Assetmark Inc. increased its position in shares of 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 purchasing an additional 100 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised 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 worth $49,000 after purchasing an additional 248 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

J stock traded up $0.22 during mid-day trading on Tuesday, hitting $118.10. 136,765 shares of the stock were exchanged, compared to its average volume of 770,556. The business has a fifty day moving average price of $123.65 and a 200 day moving average price of $133.12. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

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

Jacobs Solutions declared that its board has approved a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

J has been the subject of a number of research reports. Truist Financial decreased their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird reduced their target price 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $152.14.

About Jacobs Solutions

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.