Strategic Blueprint LLC Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Strategic Blueprint LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,390 shares of the company’s stock after buying an additional 430 shares during the period. Strategic Blueprint LLC’s holdings in Jacobs Solutions were worth $453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Jacobs Solutions by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 81,036 shares of the company’s stock valued at $11,322,000 after buying an additional 878 shares during the last quarter. Creative Planning increased its holdings in Jacobs Solutions by 2.1% in the 2nd quarter. Creative Planning now owns 31,752 shares of the company’s stock valued at $4,436,000 after acquiring an additional 643 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Jacobs Solutions by 218.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock valued at $2,521,000 after acquiring an additional 12,381 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Jacobs Solutions by 43.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock worth $290,000 after purchasing an additional 626 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $1,467,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on J shares. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird raised their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $139.99 on Friday. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $136.73 and a 200-day moving average price of $141.51. The firm has a market capitalization of $17.36 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Jacobs Solutions 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.