Washington Trust Advisors Inc. Has $22.51 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Washington Trust Advisors Inc. decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,433 shares of the company's stock after selling 2,628 shares during the period. Jacobs Solutions comprises 1.9% of Washington Trust Advisors Inc.'s portfolio, making the stock its 15th largest holding. Washington Trust Advisors Inc. owned about 0.14% of Jacobs Solutions worth $22,506,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Heritage Family Offices LLP boosted its position in Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after purchasing an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Jacobs Solutions by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares during the last quarter. Occidental Asset Management LLC grew its stake in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock valued at $56,778,000 after buying an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Jacobs Solutions in the third quarter worth approximately $3,205,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

J has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Citigroup decreased their price objective 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. Royal Bank of Canada restated an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Robert W. Baird decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and an average price target of $155.89.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $0.93 during midday trading on Monday, hitting $123.60. The company's stock had a trading volume of 892,765 shares, compared to its average volume of 842,168. 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 stock's 50 day simple moving average is $132.92 and its 200 day simple moving average is $138.56. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 firm 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 posted $1.45 EPS. The company's revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its board has authorized a stock buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.32 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's dividend payout ratio is presently 26.39%.

Jacobs Solutions Company 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.