Thompson Siegel & Walmsley LLC Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Thompson Siegel & Walmsley LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,993 shares of the company’s stock after buying an additional 40,528 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.31% of Jacobs Solutions worth $51,309,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. First Horizon Advisors Inc. grew its stake in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Empirical Finance LLC grew its stake in shares of Jacobs Solutions by 1.9% during the 3rd 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 stake in shares of Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after acquiring an additional 86 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 valued at $128,000 after acquiring an additional 92 shares during the period. Finally, Greenleaf Trust boosted its stake in 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 period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on J shares. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. 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. Finally, 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. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Down 0.4 %

NYSE:J opened at $121.74 on Thursday. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock has a fifty day simple moving average of $132.26 and a 200-day simple 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.

Jacobs Solutions (NYSE:J) last released its 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. 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 the consensus estimate of $2.92 billion. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

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

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.