2,393 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by NorthRock Partners LLC

NorthRock Partners LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,393 shares of the company’s stock, valued at approximately $320,000.

Several other hedge funds have also added to or reduced their stakes in J. Colonial Trust Co SC increased its holdings in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter worth about $33,000. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 115 shares in the last quarter. Assetmark Inc. increased its holdings in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $129.11 on Friday. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.77. The business has a 50-day moving average of $120.88 and a 200-day moving average of $130.34. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31.

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

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

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s payout ratio is currently 35.26%.

Analyst Upgrades and Downgrades

J has been the subject of a number of research reports. Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. UBS Group lowered their target price on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th. Truist Financial raised their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. Finally, Royal Bank of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

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.