MGO One Seven LLC Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

MGO One Seven LLC reduced its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,201 shares of the company's stock after selling 2,111 shares during the quarter. MGO One Seven LLC's holdings in Jacobs Solutions were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in J. Avalon Trust Co acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC lifted its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. grew its stake in shares of 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 buying an additional 100 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after purchasing an additional 248 shares during the period. Finally, Transce3nd LLC bought a new position in shares of Jacobs Solutions in the fourth quarter valued at $53,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on J shares. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial decreased 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 decreased their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $2.76 during trading on Friday, reaching $127.06. 1,472,720 shares of the company traded hands, compared to its average volume of 794,873. The firm has a 50 day simple moving average of $120.83 and a 200-day simple moving average of $131.53. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock has a market capitalization of $15.57 billion, a PE ratio of 26.20, a P/E/G ratio of 1.84 and a beta of 0.77. 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 earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is 26.39%.

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

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.