Signaturefd LLC Grows Position in Jacobs Solutions Inc. (NYSE:J)

Signaturefd LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,157 shares of the company’s stock after purchasing an additional 144 shares during the quarter. Signaturefd LLC’s holdings in Jacobs Solutions were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of 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 acquiring an additional 74 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Jacobs Solutions by 10.6% during 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 in the last quarter. Greenleaf Trust raised its holdings in shares of Jacobs Solutions by 3.5% during 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 in the last quarter. Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its holdings in Jacobs Solutions by 5.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,024 shares of the company’s stock worth $270,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research reports. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial increased their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $153.63.

Jacobs Solutions Trading Down 0.5 %

NYSE J opened at $121.23 on Friday. 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 Inc. has a 12 month low of $118.71 and a 12 month high of $156.31. The stock has a market cap of $14.86 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.84 and a beta of 0.77. The stock’s fifty day moving average price is $130.74 and its 200-day moving average price is $136.72.

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. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the company earned $1.45 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.06%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions announced that its board has approved a stock repurchase program 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 programs are often a sign that the company’s board believes its shares are undervalued.

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.