Smartleaf Asset Management LLC Has $213,000 Holdings in Jacobs Solutions Inc. (NYSE:J)

Smartleaf Asset Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 387.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,593 shares of the company’s stock after purchasing an additional 1,266 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Jacobs Solutions were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of J. First Horizon Advisors Inc. lifted its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP increased its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions during the 3rd quarter worth about $42,000. True Wealth Design LLC acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth about $44,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after acquiring an additional 248 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Truist Financial raised their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Citigroup dropped 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 report on Wednesday, January 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions Trading Up 1.4 %

J stock opened at $124.44 on Thursday. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a fifty day moving average price of $133.38 and a two-hundred day moving average price of $138.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J) last announced its earnings results 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 net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced 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. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. Jacobs Solutions’s dividend payout ratio is presently 26.39%.

Jacobs Solutions announced that its board has authorized a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is 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.