Fox Run Management L.L.C. Invests $723,000 in Jacobs Solutions Inc. (NYSE:J)

Fox Run Management L.L.C. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,413 shares of the company’s stock, valued at approximately $723,000.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock worth $410,444,000 after buying an additional 73,566 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after purchasing an additional 32,650 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company’s stock valued at $119,724,000 after purchasing an additional 78,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Jacobs Solutions by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company’s stock valued at $103,941,000 after purchasing an additional 17,372 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $153.63.

Jacobs Solutions Trading Down 0.5 %

NYSE J opened at $121.23 on Monday. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.84 and a beta of 0.77. The stock’s 50 day moving average price is $130.74 and its two-hundred day moving average price is $136.65. 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 $118.71 and a 52 week high of $156.31.

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

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a dividend of $0.32 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. Jacobs Solutions’s payout ratio is 26.39%.

Jacobs Solutions declared that its board has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Jacobs Solutions 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.