Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,200 shares of the company’s stock after acquiring an additional 450 shares during the quarter. Gabelli Funds LLC’s holdings in Jacobs Solutions were worth $294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avalon Trust Co purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC grew its holdings in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. increased its position in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after purchasing an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Jacobs Solutions during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.5 %

Shares of NYSE J opened at $117.18 on Monday. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The stock’s 50 day simple moving average is $122.32 and its 200 day simple moving average is $132.64. 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 Inc. has a 12-month low of $106.23 and a 12-month high of $156.31.

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

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.09%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions announced that its board has approved a stock repurchase plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on J shares. Robert W. Baird lowered their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Citigroup lowered their price target 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 price objective on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions presently 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.