Jacobs Solutions Inc. (NYSE:J) Stock Holdings Decreased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,112 shares of the company’s stock after selling 769 shares during the period. Kestra Private Wealth Services LLC’s holdings in Jacobs Solutions were worth $549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the period. Empirical Finance LLC boosted its stake in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after purchasing an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after purchasing an additional 92 shares during the period. Finally, Greenleaf Trust lifted its holdings in shares of Jacobs Solutions by 3.5% in the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after purchasing an additional 95 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on J. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird decreased their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Stock Down 1.2 %

J stock opened at $128.81 on Friday. The company has a 50 day moving average of $135.47 and a two-hundred day moving average of $140.45. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company earned $1.45 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is 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.