Jacobs Solutions Inc. (NYSE:J) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC grew its stake in Jacobs Solutions Inc. (NYSE:J) by 23.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,371 shares of the company’s stock after purchasing an additional 455 shares during the period. EntryPoint Capital LLC’s holdings in Jacobs Solutions were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avalon Trust Co acquired a new position in Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the last quarter. Quarry LP raised its position in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the period. True Wealth Design LLC acquired a new position in Jacobs Solutions in the third quarter valued at approximately $44,000. Finally, Assetmark Inc. grew its position in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on J. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Truist Financial increased their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $153.63.

Jacobs Solutions Trading Down 0.4 %

Shares of J stock opened at $123.45 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $118.71 and a fifty-two week high of $156.31. The company has a 50 day moving average price of $129.74 and a 200 day moving average price of $136.19. The stock has a market capitalization of $15.13 billion, a P/E ratio of 25.45, 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 posted its quarterly earnings data 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 prior year, the company earned $1.45 earnings per share. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio is presently 26.39%.

Jacobs Solutions announced that its board has initiated a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Jacobs Solutions Company 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.