Country Club Bank Sells 426 Shares of Jacobs Solutions Inc. (NYSE:J)

Country Club Bank decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,685 shares of the company’s stock after selling 426 shares during the quarter. Country Club Bank’s holdings in Jacobs Solutions were worth $4,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Jacobs Solutions during the second quarter valued at about $1,467,000. Czech National Bank boosted its position in Jacobs Solutions by 6.9% during the third quarter. Czech National Bank now owns 25,507 shares of the company’s stock valued at $3,339,000 after purchasing an additional 1,646 shares in the last quarter. GAMMA Investing LLC boosted its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Jacobs Solutions by 3.5% in the third quarter. Fulton Bank N.A. now owns 7,768 shares of the company’s stock worth $1,017,000 after acquiring an additional 262 shares in the last quarter. Finally, Cape ANN Savings Bank boosted its holdings in Jacobs Solutions by 2.4% in the third quarter. Cape ANN Savings Bank now owns 7,124 shares of the company’s stock worth $933,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 3.5 %

Shares of NYSE:J opened at $133.89 on Wednesday. The company has a market capitalization of $16.61 billion, a PE ratio of 21.15, a P/E/G ratio of 2.11 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The firm has a 50 day simple moving average of $136.63 and a 200-day simple moving average of $141.19.

Jacobs Solutions (NYSE:J) last released its quarterly 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 5.16% and a return on equity of 14.82%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions declared that its board has authorized a share buyback program 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 programs are often an indication that the company’s leadership 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. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Analyst Upgrades and Downgrades

J has been the subject of several recent analyst reports. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.