Greenwood Gearhart Inc. Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Greenwood Gearhart Inc. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,791 shares of the company's stock after buying an additional 6,017 shares during the quarter. Greenwood Gearhart Inc. owned about 0.05% of Jacobs Solutions worth $8,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its holdings in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after acquiring an additional 83 shares during the period. Evoke Wealth LLC grew its position in shares of Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after purchasing an additional 88 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after purchasing an additional 92 shares during the period. Greenleaf Trust increased its holdings in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock worth $371,000 after purchasing an additional 95 shares during the period. Finally, Assetmark Inc. raised its position in shares of Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 0.5 %

Shares of J stock traded up $0.60 during mid-day trading on Friday, reaching $117.18. 655,536 shares of the company's stock traded hands, compared to its average volume of 775,297. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company's 50-day moving average price is $122.32 and its 200-day moving average price is $132.70. The company has a market cap of $14.36 billion, a P/E ratio of 24.16, a P/E/G 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.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on J. Truist Financial decreased their price objective 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. Robert W. Baird decreased their price target 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. Finally, Citigroup lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.