SFE Investment Counsel Increases Stake in Jacobs Solutions Inc. (NYSE:J)

SFE Investment Counsel grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,242 shares of the company’s stock after acquiring an additional 1,152 shares during the period. SFE Investment Counsel’s holdings in Jacobs Solutions were worth $5,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Jacobs Solutions by 219.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock valued at $878,000 after buying an additional 4,608 shares in the last quarter. CX Institutional raised its holdings in shares of Jacobs Solutions by 8.5% during the 3rd quarter. CX Institutional now owns 8,015 shares of the company’s stock worth $1,049,000 after acquiring an additional 629 shares in the last quarter. Creative Planning lifted its position in Jacobs Solutions by 1.0% during the third quarter. Creative Planning now owns 32,079 shares of the company’s stock valued at $4,199,000 after purchasing an additional 327 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its holdings in shares of Jacobs Solutions by 1.1% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 54,669 shares of the company’s stock valued at $7,156,000 after acquiring an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $130.19 on Thursday. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The business has a 50-day moving average price of $135.80 and a 200 day moving average price of $140.64. The company has a market capitalization of $15.95 billion, a P/E ratio of 26.84, a PEG ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20.

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

Jacobs Solutions announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are usually an indication 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. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 23.92%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on J. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird dropped their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.89.

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.