Atria Investments Inc Buys 1,384 Shares of Jacobs Solutions Inc. (NYSE:J)

Atria Investments Inc boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,236 shares of the company’s stock after purchasing an additional 1,384 shares during the quarter. Atria Investments Inc’s holdings in Jacobs Solutions were worth $2,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Jacobs Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock valued at $19,056,000 after acquiring an additional 5,959 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the third quarter valued at about $42,000. Lountzis Asset Management LLC boosted its position in shares of Jacobs Solutions by 17.7% in the third quarter. Lountzis Asset Management LLC now owns 2,671 shares of the company’s stock valued at $350,000 after acquiring an additional 402 shares during the period. Versor Investments LP bought a new stake in shares of Jacobs Solutions in the third quarter valued at about $406,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Jacobs Solutions by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 347,932 shares of the company’s stock valued at $45,544,000 after acquiring an additional 3,228 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 0.8 %

Shares of NYSE J opened at $124.62 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The stock has a 50-day moving average price of $132.92 and a two-hundred day moving average price of $138.56.

Jacobs Solutions (NYSE:J) last issued 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. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business’s quarterly 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. As a group, analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its board has initiated a stock buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

J has been the subject of a number of recent research reports. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird cut 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. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Citigroup cut 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 report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target 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.