Jacobs Solutions Inc. (NYSE:J) Holdings Lifted by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 345.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,637,596 shares of the company’s stock after acquiring an additional 3,597,564 shares during the quarter. Jacobs Solutions comprises about 2.1% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Kovitz Investment Group Partners LLC’s holdings in Jacobs Solutions were worth $619,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of J. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its position in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the last quarter. Assetmark Inc. grew its position in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Jacobs Solutions by 215.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after buying an additional 248 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Jacobs Solutions during the 4th quarter valued at $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 2.7 %

Shares of Jacobs Solutions stock opened at $122.38 on Friday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a market cap of $15.00 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.84 and a beta of 0.73. 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 50-day moving average price of $121.47 and a 200 day moving average price of $132.17.

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

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 outstanding shares. This repurchase authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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 paid a dividend of $0.32 per share. 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 1.05%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is 26.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on J. Truist Financial decreased their target price on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.