Quantessence Capital LLC Makes New $492,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Quantessence Capital LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,684 shares of the company's stock, valued at approximately $492,000.

A number of other large investors also recently modified their holdings of J. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position 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 valued at $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. boosted its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the period. Catalyst Capital Advisors LLC lifted its stake 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 purchasing an additional 248 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at $53,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.4 %

Shares of J traded up $0.47 during mid-day trading on Monday, hitting $122.04. 82,815 shares of the company's stock traded hands, compared to its average volume of 780,727. The business's 50-day moving average price is $121.30 and its 200-day moving average price is $132.00. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The firm has a market capitalization of $14.96 billion, a P/E ratio of 25.10, a PEG ratio of 1.84 and a beta of 0.73. 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 the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period last year, the company posted $1.45 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions declared that its board has initiated a stock buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday. Robert W. Baird reduced 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 report on Wednesday, February 5th. Finally, Truist Financial decreased their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.