Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 584.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 787 shares of the company’s stock after acquiring an additional 672 shares during the period. Venturi Wealth Management LLC’s holdings in Jacobs Solutions were worth $105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in shares of 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 buying an additional 74 shares during the last quarter. Quarry LP grew its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after acquiring an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth about $42,000. True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the third quarter worth about $44,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of several research reports. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Truist Financial boosted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Performance

Shares of J opened at $129.12 on Monday. The firm has a fifty day moving average of $134.83 and a 200-day moving average of $139.95. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. 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 1 year low of $110.95 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion during 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%. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 0.99%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is presently 23.92%.

Jacobs Solutions declared that its board has approved 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are 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.