Vest Financial LLC Has $2.42 Million Position in Jacobs Solutions Inc. (NYSE:J)

Vest Financial LLC raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 78.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,088 shares of the company’s stock after buying an additional 7,973 shares during the period. Vest Financial LLC’s holdings in Jacobs Solutions were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Ninety One UK Ltd boosted its holdings in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after acquiring an additional 449,161 shares during the last quarter. Sessa Capital IM L.P. bought a new stake in Jacobs Solutions in the 3rd quarter worth about $46,168,000. Soros Fund Management LLC lifted its position in shares of Jacobs Solutions by 34.3% during the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after buying an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Jacobs Solutions by 28.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after buying an additional 117,940 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock valued at $85,099,000 after acquiring an additional 107,849 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

J has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial upped their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Price Performance

J stock opened at $133.97 on Friday. The firm has a market cap of $16.42 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.88 and a beta of 0.72. The firm’s fifty day moving average is $136.17 and its 200 day moving average is $140.97. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. Research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed 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 of this dividend is Friday, February 21st. This is a positive change 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 dividend payout ratio is 23.92%.

Jacobs Solutions announced that its board has authorized a stock buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.