Y.D. More Investments Ltd Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Y.D. More Investments Ltd lowered its position in Jacobs Solutions Inc. (NYSE:J) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,684 shares of the company’s stock after selling 204 shares during the period. Y.D. More Investments Ltd’s holdings in Jacobs Solutions were worth $1,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Empirical Finance LLC boosted its position in shares of Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after buying an additional 82 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after buying an additional 92 shares during the period. Finally, Greenleaf Trust grew its stake in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $133.89 on Wednesday. The company has a 50-day moving average of $136.77 and a two-hundred day moving average of $141.29. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54.

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, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are typically an indication 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. Shareholders of record on Friday, February 21st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Analysts Set New Price Targets

Several equities analysts have issued reports on J shares. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.

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.