Yousif Capital Management LLC Lowers Holdings in Jacobs Solutions Inc. (NYSE:J)

Yousif Capital Management LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,066 shares of the company’s stock after selling 413 shares during the quarter. Yousif Capital Management LLC’s holdings in Jacobs Solutions were worth $1,879,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of J. GAMMA Investing LLC raised its holdings in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after purchasing an additional 145 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Jacobs Solutions by 219.5% during the third quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock valued at $878,000 after acquiring an additional 4,608 shares during the last quarter. CX Institutional raised its holdings in shares of Jacobs Solutions by 8.5% during the third quarter. CX Institutional now owns 8,015 shares of the company’s stock valued at $1,049,000 after acquiring an additional 629 shares during the last quarter. Creative Planning raised its holdings in shares of Jacobs Solutions by 1.0% during the third quarter. Creative Planning now owns 32,079 shares of the company’s stock valued at $4,199,000 after acquiring an additional 327 shares during the last quarter. Finally, Occidental Asset Management LLC raised its holdings in shares of Jacobs Solutions by 7.8% during the third quarter. Occidental Asset Management LLC now owns 22,426 shares of the company’s stock valued at $2,936,000 after acquiring an additional 1,618 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird reduced their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions Trading Down 0.9 %

J opened at $133.21 on Wednesday. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The business has a fifty day simple moving average of $136.06 and a 200-day simple moving average of $140.80. The firm has a market cap of $16.32 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the business posted $1.45 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 23.92%.

Jacobs Solutions announced that its Board of Directors has initiated a stock 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 repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About Jacobs Solutions

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.