American Trust Investment Advisors LLC Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

American Trust Investment Advisors LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,159 shares of the company’s stock after purchasing an additional 1,645 shares during the period. Jacobs Solutions comprises about 2.2% of American Trust Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. American Trust Investment Advisors LLC’s holdings in Jacobs Solutions were worth $5,366,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in J. Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Jacobs Solutions by 15,913.6% in the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock valued at $59,977,000 after buying an additional 446,057 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Jacobs Solutions by 40.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company’s stock worth $134,637,000 after buying an additional 289,573 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Jacobs Solutions by 138.9% during the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after acquiring an additional 278,777 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J opened at $127.06 on Friday. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The firm has a 50-day simple moving average of $120.83 and a 200-day simple moving average of $131.59. 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 announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the business posted $1.45 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Jacobs Solutions’s payout ratio is currently 26.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on J shares. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Truist Financial dropped their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.86.

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.