Evergreen Capital Management LLC Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

Evergreen Capital Management LLC increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,123 shares of the company’s stock after acquiring an additional 3,609 shares during the quarter. Evergreen Capital Management LLC’s holdings in Jacobs Solutions were worth $9,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Avalon Trust Co bought a new position in shares of Jacobs Solutions in the fourth quarter worth about $33,000. Larson Financial Group LLC raised its stake in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after purchasing an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Jacobs Solutions in the fourth quarter worth approximately $65,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on J. Citigroup decreased 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 report on Wednesday, January 29th. Truist Financial lowered their price objective on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird decreased 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $152.14.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $117.50 on Wednesday. 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 stock has a 50 day moving average of $123.33 and a 200 day moving average of $133.01. The firm has a market cap of $14.40 billion, a PE ratio of 24.23, a PEG ratio of 1.84 and a beta of 0.73.

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

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.09%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a share buyback program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.