DRW Securities LLC Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

DRW Securities LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,360 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Heritage Family Offices LLP raised its holdings in shares of Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock valued at $1,993,000 after acquiring an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after purchasing an additional 175 shares in the last quarter. Occidental Asset Management LLC lifted its position in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after purchasing an additional 2,619 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after purchasing an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $3,205,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 3.2 %

Jacobs Solutions stock opened at $114.74 on Friday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The business’s fifty day simple moving average is $124.30 and its two-hundred day simple moving average is $133.79. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has approved a stock repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s payout ratio is presently 26.39%.

Analysts Set New Price Targets

J has been the topic of several research reports. Citigroup cut their price objective 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. Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Truist Financial decreased their price objective on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.14.

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.