Fox Run Management L.L.C. Makes New $723,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Fox Run Management L.L.C. acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,413 shares of the company's stock, valued at approximately $723,000.

Several other institutional investors have also recently modified their holdings of J. First Horizon Advisors Inc. lifted its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after purchasing an additional 74 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC boosted its holdings in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. 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 acquiring an additional 233 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Jacobs Solutions in the third quarter valued at approximately $44,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 1.8 %

Shares of J stock traded down $2.19 during midday trading on Friday, reaching $121.25. 511,113 shares of the stock were exchanged, compared to its average volume of 752,170. The firm has a market cap of $14.86 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company's 50 day moving average is $129.38 and its two-hundred day moving average is $136.03. Jacobs Solutions Inc. has a 1 year low of $118.71 and a 1 year high of $156.31.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

Jacobs Solutions announced that its board has authorized a stock repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

J has been the topic of several recent analyst reports. Robert W. Baird cut their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial upped their price objective on shares of 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 started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Hold" and an average target price of $153.63.

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.