Frank Rimerman Advisors LLC Acquires 271 Shares of Jacobs Solutions Inc. (NYSE:J)

Frank Rimerman Advisors LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,967 shares of the company’s stock after acquiring an additional 271 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Jacobs Solutions were worth $263,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Hilton Capital Management LLC lifted its position in Jacobs Solutions by 4.5% in the 4th quarter. Hilton Capital Management LLC now owns 14,356 shares of the company’s stock worth $1,918,000 after buying an additional 618 shares during the last quarter. Intact Investment Management Inc. lifted its position in Jacobs Solutions by 69.7% in the 4th quarter. Intact Investment Management Inc. now owns 7,400 shares of the company’s stock worth $989,000 after buying an additional 3,040 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in Jacobs Solutions in the 4th quarter worth approximately $344,000. Thompson Siegel & Walmsley LLC lifted its position in Jacobs Solutions by 11.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 383,993 shares of the company’s stock worth $51,309,000 after buying an additional 40,528 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Jacobs Solutions by 5.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 84,039 shares of the company’s stock worth $11,229,000 after buying an additional 4,122 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $122.80 on Tuesday. The stock has a market capitalization of $15.05 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock’s 50 day moving average price is $131.55 and its 200-day moving average price is $137.39. Jacobs Solutions Inc. has a 52-week low of $118.71 and a 52-week high of $156.31. 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 (NYSE:J) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 14.87% and a net margin of 4.28%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its board has approved a stock buyback program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management 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. Investors of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.04%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s dividend payout ratio is presently 26.39%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird decreased their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six equities research 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 currently has a consensus rating of “Hold” and an average target price of $153.63.

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.