Focus Partners Wealth Buys 15,900 Shares of Jacobs Solutions Inc. (NYSE:J)

Focus Partners Wealth lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,602 shares of the company's stock after purchasing an additional 15,900 shares during the period. Focus Partners Wealth owned approximately 0.24% of Jacobs Solutions worth $39,365,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Heritage Family Offices LLP increased its stake in Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after purchasing an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after purchasing an additional 175 shares in the last quarter. Occidental Asset Management LLC grew its position in Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after purchasing an additional 2,619 shares in the last quarter. National Bank of Canada FI lifted its stake in Jacobs Solutions by 956.8% in the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after acquiring an additional 239,764 shares during the last quarter. Finally, Keene & Associates Inc. acquired a new stake in Jacobs Solutions in the fourth quarter valued at $2,973,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.7%

Shares of NYSE:J traded down $0.88 during trading on Wednesday, reaching $126.06. The stock had a trading volume of 1,122,948 shares, compared to its average volume of 802,084. The firm's fifty day moving average is $120.61 and its 200 day moving average is $130.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3 billion. During the same quarter in the previous year, the company earned $1.91 EPS. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board has initiated a stock buyback program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions's payout ratio is 35.26%.

Analysts Set New Price Targets

J has been the subject of a number of research reports. UBS Group cut their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock 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 company a "hold" rating in a report on Monday. Four equities research 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 presently has a consensus rating of "Moderate Buy" and an average 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.