Blair William & Co. IL Has $7.38 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Blair William & Co. IL grew its position in Jacobs Solutions Inc. (NYSE:J) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 55,234 shares of the company’s stock after purchasing an additional 2,509 shares during the period. Blair William & Co. IL’s holdings in Jacobs Solutions were worth $7,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avalon Trust Co acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC raised its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares during the last quarter. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the period. True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $44,000. Finally, Assetmark Inc. grew its stake in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on J shares. Citigroup reduced their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. 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 report on Wednesday, February 5th. Truist Financial boosted their price objective 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, The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $153.63.

Jacobs Solutions Trading Down 1.8 %

NYSE J opened at $121.25 on Friday. Jacobs Solutions Inc. has a 52 week low of $118.71 and a 52 week high of $156.31. 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’s 50 day moving average price is $129.38 and its two-hundred day moving average price is $135.98. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS 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 business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has initiated a share repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

Jacobs Solutions 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.