Rothschild Investment LLC Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Rothschild Investment LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 35.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,526 shares of the company’s stock after purchasing an additional 3,016 shares during the period. Rothschild Investment LLC’s holdings in Jacobs Solutions were worth $1,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its position in shares of Jacobs Solutions by 44.3% during 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. Quarry LP grew its position in Jacobs Solutions by 394.9% during 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 period. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions during the third quarter valued at approximately $42,000. True Wealth Design LLC purchased a new stake in Jacobs Solutions during the third quarter valued at approximately $44,000. Finally, Catalyst Capital Advisors LLC raised its position in Jacobs Solutions by 215.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after acquiring an additional 248 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.4 %

J stock opened at $128.57 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The business has a 50 day simple moving average of $134.66 and a two-hundred day simple moving average of $139.86. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.84 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. Research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a dividend of $0.32 per share. 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 1.00%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on J shares. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Truist Financial raised their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.89.

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.