Frank Rimerman Advisors LLC Buys 271 Shares of Jacobs Solutions Inc. (NYSE:J)

Frank Rimerman Advisors LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,967 shares of the company’s stock after acquiring an additional 271 shares during the period. Frank Rimerman Advisors LLC’s holdings in Jacobs Solutions were worth $263,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of J. Victory Capital Management Inc. lifted its stake in Jacobs Solutions by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 212,150 shares of the company’s stock valued at $27,770,000 after acquiring an additional 2,031 shares in the last quarter. KBC Group NV increased its position in shares of Jacobs Solutions by 4.5% during the 3rd quarter. KBC Group NV now owns 12,836 shares of the company’s stock valued at $1,680,000 after purchasing an additional 547 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Jacobs Solutions by 83.6% during the 3rd quarter. Metis Global Partners LLC now owns 7,246 shares of the company’s stock valued at $949,000 after purchasing an additional 3,299 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after purchasing an additional 86 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Jacobs Solutions by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 18,217 shares of the company’s stock valued at $2,385,000 after purchasing an additional 1,360 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial raised their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Hold” and an average price target of $153.63.

Jacobs Solutions Stock Up 0.6 %

Shares of NYSE J opened at $122.80 on Tuesday. Jacobs Solutions Inc. has a 52 week low of $118.71 and a 52 week high of $156.31. The business has a 50-day simple moving average of $131.55 and a two-hundred day simple moving average of $137.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.05 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal 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 paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.04%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management 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.