Aveo Capital Partners LLC Sells 193 Shares of Jacobs Solutions Inc. (NYSE:J)

Aveo Capital Partners LLC cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,591 shares of the company’s stock after selling 193 shares during the period. Aveo Capital Partners LLC’s holdings in Jacobs Solutions were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $42,000. True Wealth Design LLC bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $44,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at approximately $65,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 1.2 %

Shares of NYSE J opened at $128.81 on Friday. The business’s 50 day moving average price is $135.47 and its 200-day moving average price is $140.45. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion for 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%. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. On average, sell-side analysts expect 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. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial raised their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird lowered their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price 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.