D.A. Davidson & CO. Purchases 537 Shares of Jacobs Solutions Inc. (NYSE:J)

D.A. Davidson & CO. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,370 shares of the company’s stock after purchasing an additional 537 shares during the quarter. D.A. Davidson & CO.’s holdings in Jacobs Solutions were worth $985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in J. First Horizon Advisors Inc. lifted its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Empirical Finance LLC raised its position in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after acquiring an additional 92 shares in the last quarter. Finally, Greenleaf Trust increased its stake in 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 acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.8 %

Shares of J opened at $129.12 on Monday. The stock has a market capitalization of $15.82 billion, a P/E ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. 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 firm has a fifty day simple moving average of $134.83 and a two-hundred day simple moving average of $139.95.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business posted $1.45 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has approved a stock buyback program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.32 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 23.92%.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $155.89.

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.