Union Bancaire Privee UBP SA Makes New $1.23 Million Investment in Jacobs Solutions Inc. (NYSE:J)

Union Bancaire Privee UBP SA bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, HoldingsChannel reports. The fund bought 9,656 shares of the company’s stock, valued at approximately $1,229,000.

Several other hedge funds have also made changes to their positions in the business. Wealthspire Advisors LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth about $210,000. TCW Group Inc. lifted its position in shares of Jacobs Solutions by 43.3% during the fourth quarter. TCW Group Inc. now owns 22,312 shares of the company’s stock worth $2,981,000 after purchasing an additional 6,743 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Jacobs Solutions by 14.3% during the fourth quarter. Pinnacle Financial Partners Inc now owns 3,224 shares of the company’s stock worth $431,000 after purchasing an additional 403 shares in the last quarter. Redmond Asset Management LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth about $307,000. Finally, Forte Capital LLC ADV lifted its position in shares of Jacobs Solutions by 2.8% during the fourth quarter. Forte Capital LLC ADV now owns 70,313 shares of the company’s stock worth $9,395,000 after purchasing an additional 1,899 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.8 %

J stock opened at $129.12 on Monday. 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 Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company’s 50 day moving average is $134.83 and its two-hundred day moving average is $139.95. The stock has a market cap of $15.82 billion, a P/E ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data 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. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 21st. 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 dividend yield of 0.99%. Jacobs Solutions’s dividend payout ratio (DPR) is 23.92%.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on J. Citigroup reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Truist Financial raised their target price 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. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $155.89.

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.