Vest Financial LLC Has $2.42 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Vest Financial LLC increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,088 shares of the company's stock after purchasing an additional 7,973 shares during the period. Vest Financial LLC's holdings in Jacobs Solutions were worth $2,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares during the period. Empirical Finance LLC boosted its holdings in shares of Jacobs Solutions by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock valued at $570,000 after acquiring an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock worth $293,000 after acquiring an additional 86 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock valued at $128,000 after buying an additional 92 shares during the period. Finally, Greenleaf Trust increased its position in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock valued at $371,000 after buying an additional 95 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 2.3 %

Shares of NYSE:J traded down $3.03 during midday trading on Wednesday, reaching $130.19. The company's stock had a trading volume of 622,871 shares, compared to its average volume of 764,863. The firm has a 50 day moving average of $135.96 and a 200-day moving average of $140.71. The firm has a market capitalization of $15.95 billion, a P/E ratio of 26.84, 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 company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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 analysts' consensus estimates 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 period last year, the business earned $1.45 EPS. The company's revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its board has authorized a share buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership 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. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's payout ratio is 23.92%.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Benchmark downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Truist Financial upped their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Citigroup dropped their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $155.89.

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.