Perbak Capital Partners LLP Invests $801,000 in Jacobs Solutions Inc. (NYSE:J)

Perbak Capital Partners LLP purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,995 shares of the company's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% during 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 last quarter. Optiver Holding B.V. boosted its position in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after buying an additional 190 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Truist Financial dropped their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Five 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.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Up 2.2 %

Shares of J stock traded up $2.76 during trading hours on Friday, hitting $127.06. 1,472,720 shares of the company's stock traded hands, compared to its average volume of 794,873. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock's fifty day simple moving average is $120.83 and its two-hundred day simple moving average is $131.53. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its 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. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has authorized a stock buyback program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors 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.