Mesirow Financial Investment Management Inc. Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Mesirow Financial Investment Management Inc. grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 186,879 shares of the company’s stock after buying an additional 889 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Jacobs Solutions were worth $24,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in J. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% during the 3rd 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 last quarter. Quarry LP boosted its position in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions in the 3rd quarter valued at about $42,000. True Wealth Design LLC purchased a new stake in Jacobs Solutions in the 3rd quarter valued at about $44,000. Finally, Assetmark Inc. increased its stake in Jacobs Solutions by 42.7% during 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.

Jacobs Solutions Price Performance

J stock opened at $123.38 on Friday. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The business has a 50 day simple moving average of $133.13 and a 200-day simple moving average of $138.85. The company has a market capitalization of $15.12 billion, a P/E ratio of 25.44, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions announced that its board has approved a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on J shares. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Company 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.