Fairvoy Private Wealth LLC Takes $2.04 Million Position in Jacobs Solutions Inc. (NYSE:J)

Fairvoy Private Wealth LLC bought a new position in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, Holdings Channel reports. The institutional investor bought 15,285 shares of the company’s stock, valued at approximately $2,042,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the period. Empirical Finance LLC raised its position in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after purchasing an additional 82 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Jacobs Solutions by 10.6% in 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 in the last quarter. Finally, Greenleaf Trust grew its stake 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 and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the topic of several recent research reports. Robert W. Baird reduced their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup lowered their price target 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $133.46 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The company has a fifty day moving average price of $136.46 and a two-hundred day moving average price of $141.13. The company has a market cap of $16.55 billion, a PE ratio of 21.08, a P/E/G ratio of 2.11 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions declared that its Board of Directors has initiated a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 0.96%. Jacobs Solutions’s dividend payout ratio is 18.33%.

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.