Brooklyn FI LLC Acquires New Holdings in Jacobs Solutions Inc. (NYSE:J)

Brooklyn FI LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,328 shares of the company’s stock, valued at approximately $463,000.

Several other institutional investors also recently bought and sold shares of the business. Xponance Inc. increased its holdings in Jacobs Solutions by 132.0% during the fourth quarter. Xponance Inc. now owns 39,514 shares of the company’s stock valued at $5,280,000 after buying an additional 22,482 shares during the period. Evoke Wealth LLC increased its holdings in Jacobs Solutions by 0.7% during the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock valued at $1,655,000 after buying an additional 88 shares during the period. Signaturefd LLC increased its holdings in Jacobs Solutions by 14.2% during the fourth quarter. Signaturefd LLC now owns 1,157 shares of the company’s stock valued at $155,000 after buying an additional 144 shares during the period. Cibc World Markets Corp increased its holdings in Jacobs Solutions by 15.2% during the fourth quarter. Cibc World Markets Corp now owns 19,602 shares of the company’s stock valued at $2,619,000 after buying an additional 2,588 shares during the period. Finally, Clayton Partners LLC increased its holdings in Jacobs Solutions by 13.6% during the fourth quarter. Clayton Partners LLC now owns 30,167 shares of the company’s stock valued at $4,031,000 after buying an additional 3,622 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $153.63.

Jacobs Solutions Trading Up 1.5 %

NYSE:J opened at $124.33 on Thursday. Jacobs Solutions Inc. has a 12 month low of $118.71 and a 12 month high of $156.31. The firm has a fifty day simple moving average of $131.19 and a 200-day simple moving average of $137.10. 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 $15.24 billion, a P/E ratio of 25.63, a PEG ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This is an increase 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%. Jacobs Solutions’s payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has initiated a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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.