1,704 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,704 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Jacobs Solutions by 351.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,251 shares of the company’s stock worth $297,000 after purchasing an additional 1,752 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Jacobs Solutions by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 67,705 shares of the company’s stock valued at $8,863,000 after purchasing an additional 1,370 shares during the period. Van ECK Associates Corp increased its position in Jacobs Solutions by 43.6% in the third quarter. Van ECK Associates Corp now owns 52,181 shares of the company’s stock worth $7,377,000 after buying an additional 15,833 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Jacobs Solutions by 300.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 41,443 shares of the company’s stock worth $5,425,000 after buying an additional 31,100 shares during the period. Finally, Intact Investment Management Inc. lifted its position in shares of Jacobs Solutions by 12.4% during the 3rd quarter. Intact Investment Management Inc. now owns 4,360 shares of the company’s stock valued at $571,000 after buying an additional 480 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $122.94 on Wednesday. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average is $133.61 and its 200 day moving average is $139.06. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.84 and a beta of 0.72.

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 the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

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 $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. Jacobs Solutions’s payout ratio is 26.39%.

Jacobs Solutions announced 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 reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is 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.