Hilton Capital Management LLC Has $1.92 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Hilton Capital Management LLC raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,356 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Hilton Capital Management LLC’s holdings in Jacobs Solutions were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in J. Intact Investment Management Inc. boosted its holdings in shares of Jacobs Solutions by 69.7% during the fourth quarter. Intact Investment Management Inc. now owns 7,400 shares of the company’s stock worth $989,000 after acquiring an additional 3,040 shares during the period. Madison Investment Advisors LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at $344,000. Thompson Siegel & Walmsley LLC grew its holdings in Jacobs Solutions by 11.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 383,993 shares of the company’s stock valued at $51,309,000 after buying an additional 40,528 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Jacobs Solutions by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 84,039 shares of the company’s stock worth $11,229,000 after buying an additional 4,122 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Jacobs Solutions by 9.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,738 shares of the company’s stock worth $1,168,000 after buying an additional 748 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $118.99 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The firm has a market cap of $14.58 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The firm’s fifty day moving average is $131.98 and its 200-day moving average is $137.94.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 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. Stockholders 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 1.08%. Jacobs Solutions’s dividend payout ratio is 26.39%.

Jacobs Solutions announced that its board has approved a stock repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.