Segall Bryant & Hamill LLC Has $16.23 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Segall Bryant & Hamill LLC decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,429 shares of the company’s stock after selling 393 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.10% of Jacobs Solutions worth $16,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in J. First Horizon Advisors Inc. lifted its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Avalon Trust Co bought a new stake in Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC raised 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 buying an additional 115 shares during the period. Quarry LP lifted its position in shares of 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 buying an additional 233 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $44,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.3 %

NYSE J opened at $123.52 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. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.84 and a beta of 0.77. The company has a 50 day moving average of $130.28 and a 200-day moving average of $136.37. Jacobs Solutions Inc. has a 1-year low of $118.71 and a 1-year high of $156.31.

Jacobs Solutions (NYSE:J) last released 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. 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 in the prior year, the company posted $1.45 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has authorized a share buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on J shares. Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $153.63.

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.