Sciencast Management LP Purchases Shares of 4,652 Jacobs Solutions Inc. (NYSE:J)

Sciencast Management LP purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,652 shares of the company’s stock, valued at approximately $622,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Avalon Trust Co bought a new position in shares of Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. Quarry LP grew its holdings in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.5 %

Shares of NYSE:J opened at $121.23 on Friday. Jacobs Solutions Inc. has a 12-month low of $118.71 and a 12-month high of $156.31. The stock has a market cap of $14.86 billion, a PE ratio of 24.99, a P/E/G ratio of 1.84 and a beta of 0.77. The business has a 50 day moving average of $130.74 and a 200-day moving average of $136.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last issued 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 return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced 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 usually an indication that the company’s management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Citigroup reduced 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. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $153.63.

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.