Compagnie Lombard Odier SCmA Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

Compagnie Lombard Odier SCmA acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,397 shares of the company’s stock, valued at approximately $4,329,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its holdings in shares of Jacobs Solutions by 69.3% during the fourth quarter. Vontobel Holding Ltd. now owns 46,294 shares of the company’s stock worth $6,186,000 after buying an additional 18,952 shares in the last quarter. SFE Investment Counsel increased its position in Jacobs Solutions by 3.1% during the fourth quarter. SFE Investment Counsel now owns 38,242 shares of the company’s stock worth $5,110,000 after acquiring an additional 1,152 shares during the period. Ingalls & Snyder LLC bought a new position in Jacobs Solutions during the fourth quarter worth about $200,000. Van ECK Associates Corp raised its stake in Jacobs Solutions by 144.5% in the 4th quarter. Van ECK Associates Corp now owns 127,558 shares of the company’s stock worth $17,044,000 after purchasing an additional 75,377 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Jacobs Solutions by 5.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,024 shares of the company’s stock valued at $270,000 after purchasing an additional 106 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $130.27 on Friday. The stock has a market cap of $15.96 billion, a PE ratio of 26.86, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a quick ratio of 1.20, 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 business’s 50-day moving average price is $135.80 and its two-hundred day moving average price is $140.64.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.92 billion. During the same period in the prior year, the company earned $1.45 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect 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 stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. Jacobs Solutions’s dividend payout ratio (DPR) is 23.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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. Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Truist Financial upped their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird decreased their price target on 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 cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.