Caprock Group LLC Acquires New Stake in Jacobs Solutions Inc. (NYSE:J)

Caprock Group LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,524 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also bought and sold shares of the company. Sessa Capital IM L.P. purchased a new stake in shares of Jacobs Solutions during the 3rd quarter valued at approximately $46,168,000. Soros Fund Management LLC lifted its position in shares of Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after acquiring an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after acquiring an additional 117,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after acquiring an additional 107,849 shares during the period. Finally, Mizuho Securities USA LLC grew its position in shares of Jacobs Solutions by 978.5% in the third quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock valued at $13,627,000 after purchasing an additional 94,448 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

J has been the topic of a number of recent analyst reports. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Truist Financial increased their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Trading Up 0.4 %

NYSE J opened at $133.97 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $136.30 and its two-hundred day simple moving average is $141.08. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.11 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating 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 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions announced that its board has initiated a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is 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 issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s payout ratio is presently 26.39%.

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.