Jacobs Solutions Inc. (NYSE:J) Stock Holdings Reduced by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its position in Jacobs Solutions Inc. (NYSE:J) by 70.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,066 shares of the company’s stock after selling 4,900 shares during the quarter. Guggenheim Capital LLC’s holdings in Jacobs Solutions were worth $276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in shares of Jacobs Solutions during the 4th quarter worth about $33,000. Larson Financial Group LLC boosted its stake 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 worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after acquiring an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Jacobs Solutions during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.5 %

Shares of J stock opened at $121.67 on Monday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The firm’s fifty day simple moving average is $121.30 and its 200 day simple moving average is $132.00. The firm has a market capitalization of $14.91 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (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. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its board has authorized a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

J has been the subject of several recent analyst reports. Citigroup decreased their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird decreased their price target 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. Finally, Truist Financial decreased their target price on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

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.