Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Hahn Capital Management LLC

Hahn Capital Management LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 47.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,322 shares of the company’s stock after buying an additional 25,036 shares during the period. Jacobs Solutions makes up approximately 4.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Hahn Capital Management LLC’s holdings in Jacobs Solutions were worth $10,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. grew its position in Jacobs Solutions by 3.6% during the 4th quarter. QRG Capital Management Inc. now owns 69,039 shares of the company’s stock worth $9,225,000 after purchasing an additional 2,431 shares during the period. Versor Investments LP grew its holdings in Jacobs Solutions by 6.8% during the fourth quarter. Versor Investments LP now owns 3,310 shares of the company’s stock worth $442,000 after acquiring an additional 210 shares during the period. Otter Creek Advisors LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $4,784,000. Proficio Capital Partners LLC lifted its holdings in Jacobs Solutions by 15,913.6% in the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock valued at $59,977,000 after acquiring an additional 446,057 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in Jacobs Solutions by 32.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 43,776 shares of the company’s stock worth $5,849,000 after purchasing an additional 10,827 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on J. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. 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 research report on Wednesday, February 5th. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Price Performance

NYSE:J opened at $126.46 on Friday. The firm has a market cap of $15.50 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The stock has a 50 day moving average of $134.23 and a two-hundred day moving average of $139.56. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. 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 EPS for the quarter, beating 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company earned $1.45 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm 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 $0.32 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

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