Mcdonald Partners LLC Trims Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mcdonald Partners LLC decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,526 shares of the company’s stock after selling 200 shares during the quarter. Mcdonald Partners LLC’s holdings in Jacobs Solutions were worth $872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in J. Venturi Wealth Management LLC raised its position in shares of Jacobs Solutions by 584.3% in the 4th quarter. Venturi Wealth Management LLC now owns 787 shares of the company’s stock worth $105,000 after buying an additional 672 shares during the period. D.A. Davidson & CO. increased its stake in Jacobs Solutions by 7.9% during the fourth quarter. D.A. Davidson & CO. now owns 7,370 shares of the company’s stock worth $985,000 after acquiring an additional 537 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Jacobs Solutions by 6.0% in the 4th quarter. Truist Financial Corp now owns 70,341 shares of the company’s stock worth $9,399,000 after purchasing an additional 4,000 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Jacobs Solutions by 31.7% in the 4th quarter. CIBC Asset Management Inc now owns 23,991 shares of the company’s stock valued at $3,206,000 after purchasing an additional 5,774 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on J shares. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Robert W. Baird cut their target price 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. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective 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 six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Trading Down 1.2 %

NYSE:J opened at $128.81 on Tuesday. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25. The business’s 50-day simple moving average is $135.32 and its 200 day simple moving average is $140.26.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company posted $1.45 EPS. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 23.92%.

Jacobs Solutions declared that its board has approved a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.