Callan Family Office LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

Callan Family Office LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,103 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after purchasing an additional 446,057 shares during the last quarter. Sessa Capital IM L.P. bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth about $46,168,000. Raymond James Financial Inc. acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $24,069,000. Finally, Soros Fund Management LLC lifted its position in shares of Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after purchasing an additional 127,874 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.7 %

Shares of Jacobs Solutions stock opened at $123.60 on Tuesday. The business has a fifty day simple moving average of $132.72 and a 200-day simple moving average of $138.38. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

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

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. 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. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.89.

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.