Curi RMB Capital LLC Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Curi RMB Capital LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,788 shares of the company's stock after acquiring an additional 2,179 shares during the period. Curi RMB Capital LLC's holdings in Jacobs Solutions were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of J. Orion Portfolio Solutions LLC boosted its stake in Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after purchasing an additional 83 shares during the period. Evoke Wealth LLC boosted its position in shares of Jacobs Solutions by 0.7% during the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock worth $1,655,000 after acquiring an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after acquiring an additional 92 shares during the last quarter. Greenleaf Trust grew its stake in Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock valued at $371,000 after acquiring an additional 95 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.5 %

Shares of J traded down $0.66 during midday trading on Friday, hitting $121.67. The stock had a trading volume of 527,072 shares, compared to its average volume of 781,918. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $14.91 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The stock's 50 day moving average is $121.30 and its 200 day moving average is $132.07.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board has authorized a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.05%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on J shares. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday. Truist Financial reduced their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, 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 research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

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.