BOK Financial Private Wealth Inc. Has $1.53 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

BOK Financial Private Wealth Inc. lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 11.1% in the 4th quarter, HoldingsChannel reports. The firm owned 11,426 shares of the company’s stock after selling 1,432 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Jacobs Solutions were worth $1,527,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the period. Larson Financial Group LLC grew its stake in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares during the period. Quarry LP grew its stake in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions in the third quarter valued at approximately $42,000. Finally, True Wealth Design LLC acquired a new stake in Jacobs Solutions in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on J shares. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Citigroup cut their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $124.62 on Friday. The business’s fifty day simple moving average is $132.92 and its 200 day simple moving average is $138.62. The firm has a market capitalization of $15.27 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. 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 (NYSE:J) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.