Williams Jones Wealth Management LLC. Has $29.14 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Williams Jones Wealth Management LLC. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,092 shares of the company’s stock after selling 5,711 shares during the quarter. Williams Jones Wealth Management LLC. owned approximately 0.18% of Jacobs Solutions worth $29,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Colonial Trust Co SC grew its stake in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $33,000. Larson Financial Group LLC grew its position in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. increased its stake in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. Finally, Optiver Holding B.V. lifted 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 during the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on J. Royal Bank of Canada upped 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. UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Robert W. Baird cut their price objective 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. Finally, Truist Financial raised their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Price Performance

J stock opened at $128.78 on Tuesday. The company’s 50-day moving average price is $121.02 and its two-hundred day moving average price is $130.19. The firm has a market cap of $15.47 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.84 and a beta of 0.77. 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 Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.