Perigon Wealth Management LLC Purchases 1,873 Shares of Jacobs Solutions Inc. (NYSE:J)

Perigon Wealth Management LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 75.4% in the 4th quarter, HoldingsChannel reports. The firm owned 4,358 shares of the company’s stock after acquiring an additional 1,873 shares during the quarter. Perigon Wealth Management LLC’s holdings in Jacobs Solutions were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Heritage Family Offices LLP boosted its stake in Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after purchasing an additional 47,211 shares in the last quarter. Occidental Asset Management LLC raised its position in Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after purchasing an additional 2,619 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jacobs Solutions in the third quarter worth $3,205,000. Finally, Point72 Asset Management L.P. purchased a new stake in Jacobs Solutions during the third quarter valued at about $1,756,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on J. 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. Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Citigroup dropped 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. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $139.99 on Friday. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The stock has a market capitalization of $17.36 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.07 and a beta of 0.72. The company’s 50-day moving average is $136.73 and its 200 day moving average is $141.51. 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 (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.90 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 represents a $1.28 annualized dividend and a yield of 0.91%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 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.