Hutchinson Capital Management CA Has $19.73 Million Position in Jacobs Solutions Inc. (NYSE:J)

Hutchinson Capital Management CA decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 147,637 shares of the company’s stock after selling 1,060 shares during the period. Jacobs Solutions comprises approximately 3.7% of Hutchinson Capital Management CA’s portfolio, making the stock its 7th biggest holding. Hutchinson Capital Management CA’s holdings in Jacobs Solutions were worth $19,727,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Heritage Family Offices LLP boosted its holdings in shares of Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after buying an additional 175 shares during the period. Occidental Asset Management LLC boosted its holdings in shares of Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after buying an additional 2,619 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Jacobs Solutions by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after buying an additional 47,211 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Jacobs Solutions in the third quarter worth about $3,205,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on J. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.63.

Jacobs Solutions Price Performance

Shares of J opened at $122.50 on Friday. The firm has a market cap of $15.01 billion, a PE ratio of 25.26, a PEG ratio of 1.84 and a beta of 0.77. The firm’s 50 day moving average price is $131.75 and its 200 day moving average price is $137.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its board has approved a share buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.32 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

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.