Avidian Wealth Enterprises LLC Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Avidian Wealth Enterprises LLC increased its position in Jacobs Solutions Inc. (NYSE:J) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,024 shares of the company’s stock after purchasing an additional 106 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Jacobs Solutions were worth $270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Empirical Finance LLC raised its stake in Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in 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 acquiring an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after acquiring an additional 92 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Jacobs Solutions by 3.5% during the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock valued at $371,000 after acquiring an additional 95 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup cut their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Performance

J opened at $130.27 on Friday. The stock has a market cap of $15.96 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $135.80 and its 200 day simple moving average is $140.64. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 23.92%.

Jacobs Solutions announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes 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 board believes its shares are 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.