Jacobs Solutions Inc. (NYSE:J) Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,526 shares of the company’s stock after selling 200 shares during the period. Mcdonald Partners LLC’s holdings in Jacobs Solutions were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of J. First Horizon Advisors Inc. boosted 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 during the period. Empirical Finance LLC boosted its stake in Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after purchasing an additional 82 shares during the period. OneDigital Investment Advisors LLC grew its position in Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 purchasing an additional 92 shares during the period. Finally, Greenleaf Trust increased its stake in shares of 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 purchasing an additional 95 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on J shares. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Truist Financial increased their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Price Performance

NYSE:J opened at $128.81 on Tuesday. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market cap of $15.78 billion, a P/E ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.72. The business’s 50-day moving average price is $135.32 and its 200 day moving average price is $140.26.

Jacobs Solutions (NYSE:J) last announced 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 net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

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

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.