Jacobs Solutions Inc. (NYSE:J) Position Raised by Evoke Wealth LLC

Evoke Wealth LLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,385 shares of the company’s stock after buying an additional 88 shares during the quarter. Evoke Wealth LLC’s holdings in Jacobs Solutions were worth $1,655,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake 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 purchasing an additional 74 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after purchasing an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 purchasing an additional 92 shares in the last quarter. Greenleaf Trust raised its stake 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 purchasing an additional 95 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Down 0.1 %

Shares of J opened at $122.65 on Wednesday. The business’s 50-day moving average price is $131.36 and its 200 day moving average price is $137.19. The stock has a market capitalization of $15.03 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1-year low of $118.71 and a 1-year high of $156.31. 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 (NYSE:J) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share 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 14.87% and a net margin of 4.28%. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is 26.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial lifted their price objective 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. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Robert W. Baird dropped their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Hold” and a consensus price target of $153.63.

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.