Catalyst Capital Advisors LLC Purchases 248 Shares of Jacobs Solutions Inc. (NYSE:J)

Catalyst Capital Advisors LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 215.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 363 shares of the company’s stock after acquiring an additional 248 shares during the period. Catalyst Capital Advisors LLC’s holdings in Jacobs Solutions were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Jacobs Solutions by 28.6% during the fourth quarter. Principal Financial Group Inc. now owns 187,235 shares of the company’s stock worth $25,018,000 after acquiring an additional 41,661 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Jacobs Solutions by 12.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 7,010 shares of the company’s stock worth $937,000 after purchasing an additional 800 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Jacobs Solutions by 74.2% in the fourth quarter. Allworth Financial LP now owns 7,558 shares of the company’s stock valued at $1,070,000 after purchasing an additional 3,219 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in shares of Jacobs Solutions by 24,214.3% in the fourth quarter. Montag A & Associates Inc. now owns 1,702 shares of the company’s stock valued at $227,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Jacobs Solutions by 20.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,566 shares of the company’s stock worth $209,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Truist Financial raised their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup decreased their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Up 1.2 %

Shares of NYSE J opened at $130.37 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of $15.98 billion, a PE ratio of 26.88, a P/E/G ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The business’s fifty day moving average price is $135.32 and its 200-day moving average price is $140.26.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 23.92%.

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

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.