Inceptionr LLC Takes $1.30 Million Position in Jacobs Solutions Inc. (NYSE:J)

Inceptionr LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,706 shares of the company’s stock, valued at approximately $1,297,000.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP grew its stake in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions in the third quarter worth $42,000. True Wealth Design LLC purchased a new stake in Jacobs Solutions in the third quarter worth $44,000. Finally, Assetmark Inc. grew its stake in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Robert W. Baird reduced their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Truist Financial boosted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. 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, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Trading Up 1.4 %

Jacobs Solutions stock opened at $124.44 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The stock has a market capitalization of $15.25 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The business’s fifty day moving average is $133.38 and its 200 day moving average is $138.96.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $1.45 earnings per share. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. Jacobs Solutions’s dividend payout ratio (DPR) is 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.