Ethic Inc. Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Ethic Inc. grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 74.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,485 shares of the company’s stock after acquiring an additional 1,482 shares during the quarter. Ethic Inc.’s holdings in Jacobs Solutions were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC grew its stake in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock worth $1,471,000 after buying an additional 83 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock worth $231,000 after buying an additional 87 shares during the last quarter. Evoke Wealth LLC grew its stake in Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock worth $1,655,000 after buying an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 last quarter. Finally, Greenleaf Trust grew its stake in Jacobs Solutions by 3.5% during the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 2.0%

J opened at $128.74 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $120.74 and a 200-day simple moving average of $130.51. The stock has a market capitalization of $15.47 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

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

Jacobs Solutions Dividend Announcement

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 $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. Jacobs Solutions’s dividend payout ratio is currently 35.26%.

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 shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group decreased their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Truist Financial increased their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research report on Monday. Royal Bank of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

Jacobs Solutions Company 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.