Jacobs Solutions Inc. (NYSE:J) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,325 shares of the company’s stock after selling 388 shares during the period. Westover Capital Advisors LLC’s holdings in Jacobs Solutions were worth $2,048,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP boosted its stake in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Jacobs Solutions during the 3rd quarter valued at $42,000. True Wealth Design LLC bought a new position in Jacobs Solutions during the 3rd quarter valued at $44,000. Finally, Catalyst Capital Advisors LLC boosted its stake in Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after acquiring an additional 248 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on J. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Citigroup reduced their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial increased their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Performance

Shares of J stock opened at $125.04 on Tuesday. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The business has a 50 day simple moving average of $133.88 and a 200 day simple moving average of $139.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J) last issued 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. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has initiated a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.