World Investment Advisors Acquires 342 Shares of Jacobs Solutions Inc. (NYSE:J)

World Investment Advisors raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,101 shares of the company’s stock after purchasing an additional 342 shares during the quarter. World Investment Advisors’ holdings in Jacobs Solutions were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in J. FMR LLC boosted its holdings in shares of Jacobs Solutions by 3.9% in the 3rd quarter. FMR LLC now owns 79,358 shares of the company’s stock worth $10,388,000 after purchasing an additional 3,011 shares during the period. Benjamin Edwards Inc. boosted its stake in Jacobs Solutions by 27,300.0% during the third quarter. Benjamin Edwards Inc. now owns 1,644 shares of the company’s stock worth $215,000 after buying an additional 1,638 shares during the period. Janus Henderson Group PLC increased its position in Jacobs Solutions by 2.4% during the third quarter. Janus Henderson Group PLC now owns 32,059 shares of the company’s stock valued at $4,197,000 after acquiring an additional 744 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Jacobs Solutions by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 4,692 shares of the company’s stock valued at $614,000 after acquiring an additional 279 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Jacobs Solutions in the third quarter valued at $1,756,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J opened at $110.52 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. 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 company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.84 and a beta of 0.73. The business’s fifty day simple moving average is $125.64 and its 200-day simple moving average is $134.36.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has approved a stock buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given 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 1.16%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.14.

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.