Jacobs Solutions Inc. (NYSE:J) is Paragon Capital Management LLC's 10th Largest Position

Paragon Capital Management LLC lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,999 shares of the company's stock after selling 3,758 shares during the quarter. Jacobs Solutions comprises 3.5% of Paragon Capital Management LLC's investment portfolio, making the stock its 10th largest position. Paragon Capital Management LLC's holdings in Jacobs Solutions were worth $6,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd raised its position in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after buying an additional 446,057 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $46,168,000. Natixis Advisors LLC lifted its position in Jacobs Solutions by 138.9% in the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company's stock worth $64,065,000 after buying an additional 278,777 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Jacobs Solutions in the fourth quarter worth approximately $24,069,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Remove Ads

Analysts Set New Price Targets

J has been the subject of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Robert W. Baird reduced their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Hold" and a consensus target price of $153.63.

Jacobs Solutions Trading Up 0.3 %

Shares of J stock traded up $0.33 during trading hours on Tuesday, reaching $123.52. The company's stock had a trading volume of 853,947 shares, compared to its average volume of 710,239. 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 Inc. has a one year low of $118.71 and a one year high of $156.31. The stock has a market capitalization of $15.14 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.84 and a beta of 0.77. The firm's fifty day simple moving average is $130.28 and its 200 day simple moving average is $136.37.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating 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 business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio is presently 26.39%.

Jacobs Solutions announced that its board has authorized a stock buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership 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.