Forte Capital LLC ADV Has $9.40 Million Position in Jacobs Solutions Inc. (NYSE:J)

Forte Capital LLC ADV raised its position in Jacobs Solutions Inc. (NYSE:J) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,313 shares of the company’s stock after acquiring an additional 1,899 shares during the quarter. Jacobs Solutions makes up about 1.1% of Forte Capital LLC ADV’s investment portfolio, making the stock its 29th largest holding. Forte Capital LLC ADV owned 0.06% of Jacobs Solutions worth $9,395,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC raised its position in shares of Jacobs Solutions by 253.5% in the fourth quarter. Ieq Capital LLC now owns 20,955 shares of the company’s stock valued at $2,800,000 after purchasing an additional 15,027 shares during the period. Keene & Associates Inc. bought a new position in shares of Jacobs Solutions in the fourth quarter valued at about $2,973,000. Bank of Jackson Hole Trust bought a new position in shares of Jacobs Solutions in the fourth quarter valued at about $653,000. Venturi Wealth Management LLC raised its position in shares of Jacobs Solutions by 584.3% in the fourth quarter. Venturi Wealth Management LLC now owns 787 shares of the company’s stock valued at $105,000 after purchasing an additional 672 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Jacobs Solutions by 7.9% in the fourth quarter. D.A. Davidson & CO. now owns 7,370 shares of the company’s stock valued at $985,000 after purchasing an additional 537 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J stock opened at $130.06 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The firm has a market cap of $15.94 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.84 and a beta of 0.72. The company’s 50-day moving average price is $134.99 and its two-hundred day moving average price is $140.03.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has authorized a share repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analyst Weigh In

A number of research firms recently commented on J. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Robert W. Baird lowered 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. Finally, Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company 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.