Quantessence Capital LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,684 shares of the company's stock, valued at approximately $492,000.
Other hedge funds also recently modified their holdings of the company. Avalon Trust Co bought a new stake in Jacobs Solutions in the fourth quarter valued at about $33,000. Larson Financial Group LLC increased its stake 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 acquiring an additional 115 shares during the last quarter. Assetmark Inc. increased its stake 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 acquiring an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC raised its position 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 acquiring an additional 248 shares during the period. Finally, Transce3nd LLC bought a new position in Jacobs Solutions during the 4th quarter worth approximately $53,000. Institutional investors own 85.65% of the company's stock.
Jacobs Solutions Stock Performance
J opened at $118.36 on Wednesday. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 1.84 and a beta of 0.73. The business's 50-day moving average price is $121.79 and its two-hundred day moving average price is $132.37. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.
Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm earned $1.45 EPS. Jacobs Solutions's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.
Jacobs Solutions announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Jacobs Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.
Analysts Set New Price Targets
Several research firms have weighed in on J. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird dropped 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. Finally, Truist Financial decreased their target price on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $152.14.
Read Our Latest Research Report on J
About Jacobs Solutions
(
Free Report)
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.
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