Hahn Capital Management LLC Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Hahn Capital Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,322 shares of the company's stock after acquiring an additional 25,036 shares during the quarter. Jacobs Solutions makes up 4.5% of Hahn Capital Management LLC's portfolio, making the stock its 9th biggest holding. Hahn Capital Management LLC owned 0.06% of Jacobs Solutions worth $10,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd 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 period. Empirical Finance LLC raised its stake in shares of Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock worth $570,000 after buying an additional 82 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after buying an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock valued at $128,000 after acquiring an additional 92 shares during the period. Finally, Greenleaf Trust increased its holdings in Jacobs Solutions by 3.5% in the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company's stock worth $371,000 after acquiring an additional 95 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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Jacobs Solutions Price Performance

Shares of NYSE:J traded down $3.07 during mid-day trading on Monday, reaching $125.04. The stock had a trading volume of 772,752 shares, compared to its average volume of 823,873. The business's 50 day moving average price is $134.08 and its 200 day moving average price is $139.38. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The company has a market cap of $15.32 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 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%. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. Research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its board has approved a stock repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. Jacobs Solutions's dividend payout ratio is 26.39%.

Analysts Set New Price Targets

Several brokerages have weighed in on J. Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $155.89.

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.