Sanctuary Advisors LLC Has $2.50 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Sanctuary Advisors LLC trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,865 shares of the company’s stock after selling 336 shares during the quarter. Sanctuary Advisors LLC’s holdings in Jacobs Solutions were worth $2,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in shares of Jacobs Solutions by 23.2% during the 3rd quarter. Raymond James & Associates now owns 134,789 shares of the company’s stock worth $17,644,000 after purchasing an additional 25,354 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Jacobs Solutions by 9.9% during the 3rd quarter. Private Advisor Group LLC now owns 13,447 shares of the company’s stock worth $1,760,000 after purchasing an additional 1,210 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Jacobs Solutions by 12,990.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,614 shares of the company’s stock worth $1,782,000 after purchasing an additional 13,510 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Jacobs Solutions by 9.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 7,765 shares of the company’s stock worth $1,016,000 after purchasing an additional 684 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Jacobs Solutions by 20.8% during the 3rd quarter. CENTRAL TRUST Co now owns 12,416 shares of the company’s stock worth $1,625,000 after purchasing an additional 2,142 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $129.12 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $15.82 billion, a PE ratio of 26.62, a P/E/G ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The stock has a 50-day moving average price of $134.83 and a two-hundred day moving average price of $139.95.

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

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

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is 23.92%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Robert W. Baird dropped 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. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Truist Financial upped their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. 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, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $155.89.

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.