Steward Partners Investment Advisory LLC Has $464,000 Position in Jacobs Solutions Inc. (NYSE:J)

Steward Partners Investment Advisory LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,471 shares of the company’s stock after selling 990 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Jacobs Solutions were worth $464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Jacobs Solutions by 43.6% during the fourth quarter. Jones Financial Companies Lllp now owns 67,321 shares of the company’s stock worth $8,995,000 after buying an additional 20,435 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Jacobs Solutions by 387.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,593 shares of the company’s stock worth $213,000 after buying an additional 1,266 shares in the last quarter. Bank OZK grew its position in Jacobs Solutions by 4.1% during the fourth quarter. Bank OZK now owns 14,942 shares of the company’s stock worth $1,997,000 after buying an additional 586 shares in the last quarter. Tower Bridge Advisors grew its position in Jacobs Solutions by 1.2% during the fourth quarter. Tower Bridge Advisors now owns 127,161 shares of the company’s stock worth $16,991,000 after buying an additional 1,524 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Jacobs Solutions by 27.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 494 shares of the company’s stock worth $66,000 after buying an additional 107 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE:J opened at $121.74 on Thursday. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm has a 50 day moving average of $132.26 and a 200-day moving average of $138.08. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $14.92 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

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

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is 26.39%.

Wall Street Analyst Weigh In

J has been the topic of a number of recent research reports. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird decreased 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

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.