3,111 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,111 shares of the company's stock, valued at approximately $416,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP lifted its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions during the third quarter worth approximately $42,000. True Wealth Design LLC acquired a new position in Jacobs Solutions in the third quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after buying an additional 145 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on J. Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.89.

Jacobs Solutions Price Performance

Shares of J stock traded down $1.55 during trading hours on Friday, hitting $128.81. The company had a trading volume of 830,761 shares, compared to its average volume of 785,657. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The firm's fifty day moving average is $135.47 and its 200 day moving average is $140.41.

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, 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 company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period last year, the business earned $1.45 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 23.92%.

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.