TD Private Client Wealth LLC Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

TD Private Client Wealth LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,274 shares of the company’s stock after acquiring an additional 696 shares during the quarter. TD Private Client Wealth LLC’s holdings in Jacobs Solutions were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. iA Global Asset Management Inc. bought a new position in Jacobs Solutions during the fourth quarter valued at approximately $1,274,000. Teacher Retirement System of Texas bought a new position in shares of Jacobs Solutions during the 4th quarter valued at $10,025,000. Sandy Spring Bank grew its holdings in shares of Jacobs Solutions by 18.2% during the 4th quarter. Sandy Spring Bank now owns 11,646 shares of the company’s stock valued at $1,556,000 after purchasing an additional 1,790 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Jacobs Solutions by 2.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 57,102 shares of the company’s stock worth $7,630,000 after purchasing an additional 1,430 shares during the period. Finally, West Tower Group LLC lifted its stake in Jacobs Solutions by 133.3% in the fourth quarter. West Tower Group LLC now owns 7,000 shares of the company’s stock worth $935,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.5 %

NYSE J opened at $121.23 on Monday. Jacobs Solutions Inc. has a 12 month low of $118.71 and a 12 month high of $156.31. The stock’s 50 day moving average is $130.74 and its 200 day moving average is $136.65. 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 cap of $14.86 billion, a PE ratio of 24.99, a P/E/G ratio of 1.84 and a beta of 0.77.

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 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 for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup reduced their price target 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. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Hold” and a consensus price target 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.