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 - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,393 shares of the company's stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in J. Colonial Trust Co SC lifted its stake in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares in the last quarter. Avalon Trust Co acquired a new position in Jacobs Solutions in the 4th quarter worth $33,000. Larson Financial Group LLC raised its stake in shares of Jacobs Solutions by 71.9% in the 4th 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 period. Assetmark Inc. boosted its position 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 buying an additional 100 shares during the period. Finally, Optiver Holding B.V. grew its holdings in shares of Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after buying an additional 190 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

NYSE J traded down $1.79 during midday trading on Wednesday, hitting $126.33. The company had a trading volume of 613,028 shares, compared to its average volume of 803,333. The firm has a 50-day moving average price of $121.20 and a 200-day moving average price of $130.17. The company has a market capitalization of $15.18 billion, a PE ratio of 26.05, a P/E/G ratio of 1.84 and a beta of 0.77. 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 twelve month low of $106.23 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on J shares. Citigroup dropped 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. UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.