Jacobs Solutions Inc. (NYSE:J) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 345.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,637,596 shares of the company's stock after buying an additional 3,597,564 shares during the quarter. Jacobs Solutions accounts for 2.1% of Kovitz Investment Group Partners LLC's investment portfolio, making the stock its 12th largest holding. Kovitz Investment Group Partners LLC owned 3.78% of Jacobs Solutions worth $619,676,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avalon Trust Co purchased a new position in shares of Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after purchasing an additional 248 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Jacobs Solutions in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on J shares. Truist Financial lowered 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 note on Tuesday, April 8th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Trading Up 0.8 %

Shares of Jacobs Solutions stock traded up $0.97 during mid-day trading on Monday, hitting $122.54. 556,022 shares of the stock were exchanged, compared to its average volume of 782,577. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a 50-day simple moving average of $121.30 and a 200 day simple moving average of $132.00. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.93 billion for 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%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

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

Jacobs Solutions declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

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.