Prudent Man Advisors LLC Sells 424 Shares of Jacobs Solutions Inc. (NYSE:J)

Prudent Man Advisors LLC lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 5.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,596 shares of the company’s stock after selling 424 shares during the period. Prudent Man Advisors LLC’s holdings in Jacobs Solutions were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of J. Bank OZK grew its stake in shares of Jacobs Solutions by 4.1% during the 4th quarter. Bank OZK now owns 14,942 shares of the company’s stock worth $1,997,000 after acquiring an additional 586 shares in the last quarter. Tower Bridge Advisors boosted its position in Jacobs Solutions by 1.2% during the fourth quarter. Tower Bridge Advisors now owns 127,161 shares of the company’s stock worth $16,991,000 after purchasing an additional 1,524 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Jacobs Solutions by 27.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 494 shares of the company’s stock worth $66,000 after buying an additional 107 shares during the period. Hahn Capital Management LLC grew its position in shares of Jacobs Solutions by 47.9% in the fourth quarter. Hahn Capital Management LLC now owns 77,322 shares of the company’s stock valued at $10,332,000 after purchasing an additional 25,036 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Jacobs Solutions by 3.6% during the 4th quarter. QRG Capital Management Inc. now owns 69,039 shares of the company’s stock worth $9,225,000 after buying an additional 2,431 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.3 %

J stock opened at $128.22 on Friday. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.84 and a beta of 0.72. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $134.08 and a 200-day moving average of $139.45.

Jacobs Solutions (NYSE:J) last posted its 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 1.00%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on J shares. Citigroup decreased their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lowered their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently 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.