EP Wealth Advisors LLC Buys 597 Shares of Jacobs Solutions Inc. (NYSE:J)

EP Wealth Advisors LLC raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 21.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,428 shares of the company’s stock after purchasing an additional 597 shares during the period. EP Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $458,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP grew its position in shares of Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after buying an additional 175 shares during the last quarter. Occidental Asset Management LLC grew its position in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after buying an additional 2,619 shares during the last quarter. National Bank of Canada FI grew its position in shares of Jacobs Solutions by 956.8% in the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company’s stock worth $35,386,000 after buying an additional 239,764 shares during the last quarter. Finally, Keene & Associates Inc. purchased a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $2,973,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $122.78 on Monday. 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. The company has a 50 day simple moving average of $120.47 and a two-hundred day simple moving average of $130.74. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business posted $1.91 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is currently 35.26%.

Analysts Set New Price Targets

J has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Truist Financial dropped 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 report on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.29.

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.