Ieq Capital LLC Acquires 15,027 Shares of Jacobs Solutions Inc. (NYSE:J)

Ieq Capital LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 253.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,955 shares of the company’s stock after purchasing an additional 15,027 shares during the period. Ieq Capital LLC’s holdings in Jacobs Solutions were worth $2,800,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. raised its position in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Empirical Finance LLC raised its holdings in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after buying an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after buying an additional 92 shares during the last quarter. Finally, Greenleaf Trust increased its position in shares of Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after acquiring an additional 95 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.8 %

Shares of Jacobs Solutions stock opened at $129.12 on Friday. The stock has a fifty day moving average price of $134.83 and a 200-day moving average price of $139.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $15.82 billion, a PE ratio of 26.62, a P/E/G ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54.

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 analysts’ consensus estimates of $1.29 by $0.04. The business 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%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has authorized a stock repurchase 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 usually an indication that the company’s management 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. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is 23.92%.

Analyst Ratings Changes

Several brokerages recently weighed in on J. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial raised their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. 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 reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.89.

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.