Avalon Trust Co Makes New $33,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Avalon Trust Co acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 250 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Jacobs Solutions by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 212,150 shares of the company’s stock worth $27,770,000 after purchasing an additional 2,031 shares during the period. KBC Group NV lifted its stake in Jacobs Solutions by 4.5% in the third quarter. KBC Group NV now owns 12,836 shares of the company’s stock worth $1,680,000 after purchasing an additional 547 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Jacobs Solutions by 83.6% during the third quarter. Metis Global Partners LLC now owns 7,246 shares of the company’s stock valued at $949,000 after buying an additional 3,299 shares during the last quarter. ING Groep NV bought a new position in shares of Jacobs Solutions during the third quarter valued at approximately $2,192,000. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $122.50 on Monday. The firm has a 50 day moving average of $131.75 and a 200 day moving average of $137.58. 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 capitalization of $15.01 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a $0.32 dividend. 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 1.04%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Analyst Upgrades and Downgrades

J has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Truist Financial boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Citigroup reduced their target price 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, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $153.63.

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.