Jacobs Solutions Inc. (NYSE:J) Shares Purchased by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,159 shares of the company’s stock after purchasing an additional 1,645 shares during the period. Jacobs Solutions comprises approximately 2.2% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. American Trust Investment Advisors LLC’s holdings in Jacobs Solutions were worth $5,366,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC increased its stake in shares of Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock valued at $1,471,000 after purchasing an additional 83 shares in the last quarter. Evoke Wealth LLC increased its position in shares of Jacobs Solutions by 0.7% in the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock valued at $1,655,000 after buying an additional 88 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after buying an additional 92 shares during the period. Greenleaf Trust lifted its position in shares of Jacobs Solutions by 3.5% during the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after buying an additional 95 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 2.2 %

Shares of J opened at $127.06 on Friday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The firm has a market capitalization of $15.57 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.84 and a beta of 0.73. The firm has a 50-day moving average price of $120.83 and a 200 day moving average price of $131.59. 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 results on Tuesday, February 4th. The company reported $1.33 earnings per share 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 business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 26.39%.

Jacobs Solutions declared that its board has approved a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Robert W. Baird decreased their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

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.