Total Wealth Planning & Management Inc. Purchases New Stake in Jacobs Solutions Inc. (NYSE:J)

Total Wealth Planning & Management Inc. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,617 shares of the company's stock, valued at approximately $751,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC increased its position in shares of Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after buying an additional 83 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares in the last quarter. Evoke Wealth LLC raised its position in 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. Greenleaf Trust lifted its holdings in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock valued at $371,000 after purchasing an additional 95 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Trading Up 0.3%

Shares of NYSE:J traded up $0.38 during midday trading on Friday, reaching $126.40. The company's stock had a trading volume of 2,174,853 shares, compared to its average volume of 807,515. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The business has a 50 day moving average price of $121.82 and a 200 day moving average price of $129.26. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. 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 (NYSE:J - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The firm's revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Jacobs Solutions announced that its board has initiated a share buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

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.