Captrust Financial Advisors Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Captrust Financial Advisors raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,895 shares of the company's stock after buying an additional 2,294 shares during the period. Captrust Financial Advisors' holdings in Jacobs Solutions were worth $3,594,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in J. Kovitz Investment Group Partners LLC raised 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 purchasing an additional 3,597,564 shares during the period. Geode Capital Management LLC raised its stake in shares of Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares during the period. Ninety One UK Ltd lifted its position in shares of Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after buying an additional 449,161 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Jacobs Solutions by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after acquiring an additional 157,086 shares during the period. Finally, Bank of America Corp DE increased its holdings in Jacobs Solutions by 4.1% in the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock worth $238,176,000 after acquiring an additional 70,470 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

NYSE:J opened at $122.78 on Friday. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The stock's 50 day simple moving average is $120.47 and its two-hundred day simple moving average is $130.81. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping 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 company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the previous year, the business posted $1.91 earnings per share. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

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

Wall Street Analysts Forecast Growth

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

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