Y.D. More Investments Ltd Sells 204 Shares of Jacobs Solutions Inc. (NYSE:J)

Y.D. More Investments Ltd lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,684 shares of the company’s stock after selling 204 shares during the quarter. Y.D. More Investments Ltd’s holdings in Jacobs Solutions were worth $1,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP boosted its position in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions in the third quarter worth about $42,000. True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions during the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC grew its stake in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on J. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Robert W. Baird increased their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Jacobs Solutions Price Performance

NYSE J opened at $133.89 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.61 billion, a P/E ratio of 21.15, a PEG ratio of 2.11 and a beta of 0.72. The company has a 50-day moving average price of $136.77 and a 200-day moving average price of $141.29. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 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 5.16% and a return on equity of 14.82%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions declared that its Board of Directors has authorized a share buyback plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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 represents a $1.28 annualized dividend and a dividend yield of 0.96%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 18.33%.

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.