32,397 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, Holdings Channel reports. The firm acquired 32,397 shares of the company’s stock, valued at approximately $4,329,000.

Several other large investors have also bought and sold shares of J. GAMMA Investing LLC increased its position in Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Jacobs Solutions by 219.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock valued at $878,000 after purchasing an additional 4,608 shares during the last quarter. CX Institutional increased its position in shares of Jacobs Solutions by 8.5% during the third quarter. CX Institutional now owns 8,015 shares of the company’s stock worth $1,049,000 after buying an additional 629 shares during the period. Creative Planning raised its stake in Jacobs Solutions by 1.0% during the third quarter. Creative Planning now owns 32,079 shares of the company’s stock worth $4,199,000 after buying an additional 327 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in Jacobs Solutions in the third quarter valued at $498,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent analyst reports. Citigroup decreased their price target on 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 reaffirmed a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. 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 note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Performance

NYSE J opened at $130.27 on Friday. The company has a market cap of $15.96 billion, a P/E ratio of 26.86, a PEG ratio of 1.88 and a beta of 0.72. The company has a fifty day simple moving average of $135.80 and a 200 day simple moving average of $140.64. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. Jacobs Solutions’s dividend payout ratio is 23.92%.

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.