Fairvoy Private Wealth LLC Makes New $2.04 Million Investment in Jacobs Solutions Inc. (NYSE:J)

Fairvoy Private Wealth LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,285 shares of the company's stock, valued at approximately $2,042,000.

A number of other hedge funds and other institutional investors have also modified their holdings of J. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Jacobs Solutions by 2.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,179 shares of the company's stock worth $1,761,000 after acquiring an additional 329 shares during the last quarter. Choreo LLC boosted its position in shares of Jacobs Solutions by 50.8% in the fourth quarter. Choreo LLC now owns 3,700 shares of the company's stock worth $494,000 after acquiring an additional 1,247 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Jacobs Solutions by 34.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock worth $1,545,000 after acquiring an additional 2,949 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after acquiring an additional 175 shares during the last quarter. Finally, Ninety One SA PTY Ltd boosted its position in shares of Jacobs Solutions by 79.3% in the fourth quarter. Ninety One SA PTY Ltd now owns 35,804 shares of the company's stock worth $4,784,000 after acquiring an additional 15,839 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on J. Citigroup reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. 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. Finally, Benchmark downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.89.

Jacobs Solutions Trading Down 1.3 %

J stock traded down $1.75 during mid-day trading on Tuesday, reaching $132.65. 265,790 shares of the stock traded hands, compared to its average volume of 757,212. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54. The company has a market cap of $16.25 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.88 and a beta of 0.72. The stock's fifty day moving average is $136.06 and its 200-day moving average is $140.80.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The firm 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 $0.32 dividend. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. Jacobs Solutions's dividend payout ratio is currently 23.92%.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.