7,770 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,770 shares of the company’s stock, valued at approximately $1,038,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heritage Family Offices LLP increased its stake in shares of Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after purchasing an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after purchasing an additional 175 shares in the last quarter. Occidental Asset Management LLC increased its position in Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after buying an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Jacobs Solutions by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after buying an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Jacobs Solutions during the third quarter valued at about $3,205,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 1.8 %

Shares of J stock opened at $121.25 on Friday. The firm has a market capitalization of $14.86 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $118.71 and a 1 year high of $156.31. The firm’s fifty day simple moving average is $129.38 and its 200 day simple moving average is $136.03. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm posted $1.45 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase 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 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on J. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial lifted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. 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. Finally, Robert W. Baird lowered their target price 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Hold” and a consensus price target of $153.63.

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.