Inspire Advisors LLC Purchases 2,594 Shares of Jacobs Solutions Inc. (NYSE:J)

Inspire Advisors LLC lifted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 54.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,399 shares of the company's stock after purchasing an additional 2,594 shares during the period. Inspire Advisors LLC's holdings in Jacobs Solutions were worth $989,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Heritage Family Offices LLP raised its stake in Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock worth $1,993,000 after acquiring an additional 5,332 shares during the period. Stratos Wealth Partners LTD. raised its stake in Jacobs Solutions by 1.8% during the 4th 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 period. Occidental Asset Management LLC raised its stake in Jacobs Solutions by 11.7% during the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock worth $3,347,000 after acquiring an additional 2,619 shares during the period. JPMorgan Chase & Co. raised its stake in Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after acquiring an additional 47,211 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Jacobs Solutions during the 3rd quarter worth approximately $3,205,000. Institutional investors own 85.65% of the company's stock.

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Analyst Upgrades and Downgrades

J has been the topic of a number of recent analyst reports. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. Citigroup cut their price objective 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.89.

Jacobs Solutions Price Performance

Shares of J stock traded up $3.24 on Friday, reaching $122.50. The company's stock had a trading volume of 995,936 shares, compared to its average volume of 854,427. 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 stock's fifty day simple moving average is $131.98 and its 200-day simple moving average is $137.94. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54.

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, topping the consensus estimate of $1.29 by $0.04. The company 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 period in the previous year, the firm earned $1.45 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has authorized a stock repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.04%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions's payout ratio is presently 26.39%.

Jacobs Solutions 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.