Jacobs Solutions Inc. (NYSE:J) Shares Sold by Long Road Investment Counsel LLC

Long Road Investment Counsel LLC trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,575 shares of the company’s stock after selling 250 shares during the quarter. Long Road Investment Counsel LLC’s holdings in Jacobs Solutions were worth $611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Jacobs Solutions by 14.2% in the fourth quarter. Signaturefd LLC now owns 1,157 shares of the company’s stock valued at $155,000 after acquiring an additional 144 shares during the period. Cibc World Markets Corp raised its position in Jacobs Solutions by 15.2% in the fourth quarter. Cibc World Markets Corp now owns 19,602 shares of the company’s stock worth $2,619,000 after acquiring an additional 2,588 shares in the last quarter. Clayton Partners LLC raised its position in Jacobs Solutions by 13.6% in the fourth quarter. Clayton Partners LLC now owns 30,167 shares of the company’s stock worth $4,031,000 after acquiring an additional 3,622 shares in the last quarter. Gitterman Wealth Management LLC grew its holdings in Jacobs Solutions by 14.1% in the fourth quarter. Gitterman Wealth Management LLC now owns 2,888 shares of the company’s stock valued at $386,000 after purchasing an additional 356 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Jacobs Solutions by 3.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,982 shares of the company’s stock valued at $2,002,000 after purchasing an additional 482 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J opened at $122.80 on Tuesday. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.84 and a beta of 0.77. The stock has a 50 day moving average of $131.55 and a 200-day moving average of $137.39. 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 Inc. has a 52 week low of $118.71 and a 52 week high of $156.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data 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 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 quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 yield of 1.04%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is presently 26.39%.

Jacobs Solutions announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

J has been the topic of several research reports. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Robert W. Baird dropped their target price 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 reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $153.63.

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.