9,706 Shares in Jacobs Solutions Inc. (NYSE:J) Purchased by Inceptionr LLC

Inceptionr LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,706 shares of the company’s stock, valued at approximately $1,297,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Jacobs Solutions by 351.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,251 shares of the company’s stock valued at $297,000 after buying an additional 1,752 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Jacobs Solutions by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 67,705 shares of the company’s stock valued at $8,863,000 after buying an additional 1,370 shares in the last quarter. Van ECK Associates Corp grew its holdings in Jacobs Solutions by 43.6% during the 3rd quarter. Van ECK Associates Corp now owns 52,181 shares of the company’s stock valued at $7,377,000 after buying an additional 15,833 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Jacobs Solutions by 300.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 41,443 shares of the company’s stock valued at $5,425,000 after buying an additional 31,100 shares in the last quarter. Finally, National Pension Service grew its holdings in Jacobs Solutions by 4.8% during the 3rd quarter. National Pension Service now owns 210,447 shares of the company’s stock valued at $27,548,000 after buying an additional 9,553 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $124.44 on Thursday. The business has a 50 day moving average of $133.38 and a 200 day moving average of $138.96. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has approved a share buyback program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s payout ratio is 26.39%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on J. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.89.

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.