Dana Investment Advisors Inc. Has $232,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Dana Investment Advisors Inc. lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,733 shares of the company’s stock after selling 500 shares during the period. Dana Investment Advisors Inc.’s holdings in Jacobs Solutions were worth $232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its stake in shares of Jacobs Solutions by 8.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 83,511 shares of the company’s stock worth $11,159,000 after acquiring an additional 6,514 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Jacobs Solutions by 0.6% in the fourth quarter. Arizona State Retirement System now owns 36,088 shares of the company’s stock worth $4,822,000 after acquiring an additional 214 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Jacobs Solutions by 19.8% in the fourth quarter. Proficio Capital Partners LLC now owns 3,359 shares of the company’s stock worth $449,000 after acquiring an additional 556 shares during the last quarter. LVZ Inc. grew its stake in shares of Jacobs Solutions by 24.3% in the fourth quarter. LVZ Inc. now owns 2,708 shares of the company’s stock worth $362,000 after acquiring an additional 530 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Jacobs Solutions by 9.3% in the fourth quarter. Atria Investments Inc now owns 16,236 shares of the company’s stock worth $2,169,000 after acquiring an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.8 %

Shares of Jacobs Solutions stock opened at $124.62 on Monday. The firm has a market capitalization of $15.27 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $132.92 and its two-hundred day moving average price is $138.56. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are 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. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on J. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.