Caprock Group LLC Acquires Shares of 1,524 Jacobs Solutions Inc. (NYSE:J)

Caprock Group LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,524 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in J. First Horizon Advisors Inc. raised its position in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Jacobs Solutions by 1.9% during 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 in 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 worth $293,000 after acquiring an additional 86 shares during the period. 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 worth $128,000 after acquiring an additional 92 shares during the period. Finally, United Asset Strategies Inc. boosted its holdings in Jacobs Solutions by 0.4% in the third quarter. United Asset Strategies Inc. now owns 28,774 shares of the company’s stock valued at $3,767,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.4 %

J stock opened at $133.97 on Friday. The business has a 50 day moving average of $136.30 and a 200 day moving average of $141.08. The firm has a market cap of $16.42 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.11 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions declared that its board has initiated a stock repurchase plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.96%. Jacobs Solutions’s payout ratio is 26.39%.

Analyst Ratings Changes

Several research analysts have commented on J shares. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a 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. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus 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.