King Luther Capital Management Corp Purchases 3,060 Shares of Jacobs Solutions Inc. (NYSE:J)

King Luther Capital Management Corp grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 121.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,583 shares of the company's stock after purchasing an additional 3,060 shares during the period. King Luther Capital Management Corp's holdings in Jacobs Solutions were worth $746,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in J. First Horizon Advisors Inc. increased its position in shares of 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. Larson Financial Group LLC grew its stake in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares in the last quarter. Quarry LP increased its holdings in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $44,000. Finally, Assetmark Inc. raised its position in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Citigroup decreased 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. 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. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Finally, Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of "Hold" and an average target price of $153.63.

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Jacobs Solutions Stock Up 0.6 %

Shares of NYSE J traded up $0.75 during trading on Monday, reaching $122.80. The company had a trading volume of 881,036 shares, compared to its average volume of 693,818. Jacobs Solutions Inc. has a 12-month low of $118.71 and a 12-month high of $156.31. 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 business's 50-day moving average is $131.75 and its 200 day moving average is $137.58. The stock has a market cap of $15.05 billion, a PE ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.04%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management 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.