New Age Alpha Advisors LLC Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

New Age Alpha Advisors LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 58,203 shares of the company's stock, valued at approximately $7,777,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of J. Avalon Trust Co bought a new stake in Jacobs Solutions in the 4th quarter worth $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 valued at $37,000 after purchasing an additional 115 shares during the period. Quarry LP raised its stake in Jacobs Solutions by 394.9% in the third 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. True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $44,000. Finally, Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on J. Citigroup decreased 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 initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird reduced their price objective 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. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $153.63.

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Jacobs Solutions Price Performance

Shares of NYSE:J traded up $0.72 on Tuesday, reaching $121.61. The company's stock had a trading volume of 146,147 shares, compared to its average volume of 750,359. The company has a 50-day simple moving average of $129.02 and a 200 day simple moving average of $135.79. Jacobs Solutions Inc. has a 52-week low of $118.67 and a 52-week high of $156.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $14.90 billion, a P/E ratio of 25.13, a PEG ratio of 1.84 and a beta of 0.77.

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. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

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 issued a dividend of $0.32 per share. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are 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.