Catalyst Capital Advisors LLC Raises Stock Position in Jacobs Solutions Inc. (NYSE:J)

Catalyst Capital Advisors LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 215.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 363 shares of the company’s stock after acquiring an additional 248 shares during the period. Catalyst Capital Advisors LLC’s holdings in Jacobs Solutions were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of J. First Horizon Advisors Inc. boosted its position in shares of Jacobs Solutions by 44.3% during 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 last quarter. Quarry LP lifted its position in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $42,000. True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $44,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at $65,000. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of several research reports. Truist Financial upped their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Up 1.2 %

Shares of NYSE:J opened at $130.37 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.88 and a beta of 0.72. The stock has a fifty day simple moving average of $135.32 and a two-hundred day simple moving average of $140.26. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is 23.92%.

Jacobs Solutions announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.