Inspire Advisors LLC Buys 2,594 Shares of Jacobs Solutions Inc. (NYSE:J)

Inspire Advisors LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 54.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,399 shares of the company’s stock after acquiring an additional 2,594 shares during the quarter. Inspire Advisors LLC’s holdings in Jacobs Solutions were worth $989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of J. Ninety One UK Ltd boosted its position in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after purchasing an additional 446,057 shares in the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of Jacobs Solutions in the 3rd quarter worth $46,168,000. Raymond James Financial Inc. acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth $24,069,000. Finally, Soros Fund Management LLC boosted its position in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after purchasing an additional 127,874 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial raised their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Performance

NYSE J opened at $123.60 on Tuesday. The stock has a 50-day simple moving average of $132.72 and a two-hundred day simple moving average of $138.38. The firm has a market capitalization of $15.15 billion, a P/E ratio of 25.49, a PEG ratio of 1.84 and a beta of 0.77. 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.

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, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions declared that its board has authorized a share buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.