Oppenheimer Asset Management Inc. Has $5.85 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Oppenheimer Asset Management Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,776 shares of the company’s stock after buying an additional 10,827 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Jacobs Solutions were worth $5,849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. First Horizon Advisors Inc. lifted 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 valued at $32,000 after acquiring an additional 74 shares during the last quarter. Empirical Finance LLC lifted its stake in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after acquiring an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after acquiring an additional 92 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.3 %

Shares of J stock opened at $128.22 on Friday. The firm has a market capitalization of $15.71 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm’s fifty day simple moving average is $134.08 and its 200 day simple moving average is $139.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 1.00%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Analysts Set New Price Targets

A number of brokerages have weighed in on J. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup reduced their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Benchmark lowered shares of 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

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.