Greenwood Capital Associates LLC Purchases 10,753 Shares of Jacobs Solutions Inc. (NYSE:J)

Greenwood Capital Associates LLC increased its position in Jacobs Solutions Inc. (NYSE:J) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,552 shares of the company’s stock after purchasing an additional 10,753 shares during the period. Greenwood Capital Associates LLC’s holdings in Jacobs Solutions were worth $3,815,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Heritage Family Offices LLP boosted its holdings in Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after purchasing an additional 5,332 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after purchasing an additional 47,211 shares during the period. Occidental Asset Management LLC increased its position in shares of Jacobs Solutions by 11.7% during the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock valued at $3,347,000 after purchasing an additional 2,619 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions during the 3rd quarter worth $3,205,000. Finally, Merit Financial Group LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $368,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $144.38 on Tuesday. The company has a market capitalization of $17.91 billion, a PE ratio of 22.86, a PEG ratio of 2.11 and a beta of 0.72. The business has a fifty day moving average price of $136.78 and a 200-day moving average price of $141.36. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data 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. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Analyst Ratings Changes

J has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.00.

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.