Jacobs Solutions Inc. (NYSE:J) Shares Sold by Country Club Bank

Country Club Bank trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,685 shares of the company’s stock after selling 426 shares during the period. Country Club Bank’s holdings in Jacobs Solutions were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares during the period. Quarry LP boosted its position in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after acquiring an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions in the third quarter worth approximately $42,000. True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter worth approximately $44,000. Finally, GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 3.5 %

NYSE J opened at $133.89 on Wednesday. The company’s fifty day simple moving average is $136.63 and its 200-day simple moving average is $141.19. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $16.61 billion, a P/E ratio of 21.15, a PEG ratio of 2.11 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results 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 5.16% and a return on equity of 14.82%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company 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. This is a boost 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 0.96%. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s payout ratio is presently 18.33%.

Jacobs Solutions announced that its Board of Directors has initiated a share 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 typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on J shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $156.00.

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.