Jacobs Solutions Inc. (NYSE:J) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its position in Jacobs Solutions Inc. (NYSE:J) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,428 shares of the company’s stock after acquiring an additional 597 shares during the quarter. EP Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC increased its holdings in Jacobs Solutions by 345.9% in the 4th 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 in the last quarter. Ninety One UK Ltd increased its holdings in Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after buying an additional 446,057 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Jacobs Solutions by 40.3% during the fourth 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 in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Jacobs Solutions by 138.9% during the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after buying an additional 278,777 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.1%

Shares of J opened at $122.78 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The firm has a 50-day moving average price of $120.47 and a 200 day moving average price of $130.74. The firm has a market capitalization of $15.05 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. Jacobs Solutions’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its board has approved a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. Jacobs Solutions’s payout ratio is currently 35.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on J shares. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. UBS Group dropped their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Truist Financial dropped their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.29.

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.