West Tower Group LLC Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

West Tower Group LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 133.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the company's stock after purchasing an additional 4,000 shares during the quarter. Jacobs Solutions makes up about 2.1% of West Tower Group LLC's holdings, making the stock its 12th biggest holding. West Tower Group LLC's holdings in Jacobs Solutions were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after purchasing an additional 74 shares during the period. Avalon Trust Co bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position 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 worth $37,000 after buying an additional 115 shares during the period. Quarry LP lifted its position in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after acquiring an additional 233 shares during the period. Finally, True Wealth Design LLC purchased a new position in Jacobs Solutions during the 3rd quarter valued at about $44,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of J traded down $0.67 during midday trading on Friday, hitting $121.23. 2,533,639 shares of the company traded hands, compared to its average volume of 707,517. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.84 and a beta of 0.77. The firm has a 50 day moving average of $130.74 and a 200-day moving average of $136.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a 52 week low of $118.71 and a 52 week high of $156.31.

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Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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 quarter in the previous year, the business posted $1.45 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast 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 share repurchase plan 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 plans are usually a sign that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.06%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Analyst Ratings Changes

A number of brokerages have weighed in on J. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lowered their price objective 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. Truist Financial boosted 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 assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price target 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 five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $153.63.

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.