LPL Financial LLC Increases Stake in Jacobs Solutions Inc. (NYSE:J)

LPL Financial LLC raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,926 shares of the company's stock after purchasing an additional 11,126 shares during the quarter. LPL Financial LLC owned 0.09% of Jacobs Solutions worth $14,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of J. Avalon Trust Co purchased a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC increased its position in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares during the period. Quarry LP raised its stake in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares in the last quarter. Assetmark Inc. raised its stake in shares of Jacobs Solutions by 42.7% during the 4th 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. Finally, Catalyst Capital Advisors LLC lifted 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 buying an additional 248 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on J shares. Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $153.86.

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Jacobs Solutions Price Performance

J traded down $7.01 during midday trading on Friday, reaching $111.47. 1,035,832 shares of the company's stock were exchanged, compared to its average volume of 757,139. Jacobs Solutions Inc. has a 1-year low of $110.90 and a 1-year high of $156.31. The stock has a market capitalization of $13.66 billion, a PE ratio of 22.98, a P/E/G ratio of 1.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The business's 50-day moving average price is $127.24 and its 200 day moving average price is $135.07.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

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.