Clayton Partners LLC Purchases 3,622 Shares of Jacobs Solutions Inc. (NYSE:J)

Clayton Partners LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,167 shares of the company’s stock after acquiring an additional 3,622 shares during the period. Jacobs Solutions makes up approximately 2.8% of Clayton Partners LLC’s investment portfolio, making the stock its 13th largest position. Clayton Partners LLC’s holdings in Jacobs Solutions were worth $4,031,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings 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 worth $32,000 after acquiring an additional 74 shares during the period. Empirical Finance LLC raised its position in shares of Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after buying an additional 92 shares in the last quarter. Finally, Greenleaf Trust raised its position in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after buying an additional 95 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.63.

Jacobs Solutions Trading Up 2.7 %

NYSE:J opened at $122.50 on Friday. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The firm has a 50-day moving average price of $131.75 and a two-hundred day moving average price of $137.67. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has authorized a share repurchase plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are 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.