Hahn Capital Management LLC Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Hahn Capital Management LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 47.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,322 shares of the company’s stock after buying an additional 25,036 shares during the period. Jacobs Solutions accounts for about 4.5% of Hahn Capital Management LLC’s portfolio, making the stock its 9th largest position. Hahn Capital Management LLC owned 0.06% of Jacobs Solutions worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Family Offices LLP lifted its holdings in shares of Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock valued at $1,305,000 after acquiring an additional 175 shares in the last quarter. Occidental Asset Management LLC lifted its stake in Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after acquiring an additional 2,619 shares during the period. JPMorgan Chase & Co. lifted its stake in Jacobs Solutions by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after acquiring an additional 47,211 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Jacobs Solutions during the 3rd quarter worth about $3,205,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.0 %

Shares of J stock opened at $126.46 on Friday. The stock’s fifty day moving average price is $134.23 and its 200 day moving average price is $139.56. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. 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 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 business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, research analysts expect 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 authorized a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared 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 is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Jacobs Solutions’s dividend payout ratio is presently 26.39%.

Analysts Set New Price Targets

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

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.