Lisanti Capital Growth LLC Invests $921,000 in Jacobs Solutions Inc. (NYSE:J)

Lisanti Capital Growth LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,890 shares of the company’s stock, valued at approximately $921,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Horizon Advisors Inc. increased its position in 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 buying an additional 74 shares in the last quarter. Quarry LP increased 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 buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Jacobs Solutions during the 3rd quarter valued at approximately $42,000. True Wealth Design LLC bought a new position in Jacobs Solutions during the 3rd quarter valued at approximately $44,000. Finally, Assetmark Inc. increased its position in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after buying an additional 100 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on J. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Truist Financial lifted 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. Finally, Robert W. Baird reduced their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions Stock Performance

J stock opened at $124.62 on Friday. The company has a market cap of $15.27 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $132.92 and its 200-day moving average price is $138.69.

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

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 given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.03%. Jacobs Solutions’s payout ratio is 26.39%.

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

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.