Rothschild Investment LLC Acquires 3,016 Shares of Jacobs Solutions Inc. (NYSE:J)

Rothschild Investment LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 35.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,526 shares of the company’s stock after buying an additional 3,016 shares during the quarter. Rothschild Investment LLC’s holdings in Jacobs Solutions were worth $1,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in J. Heritage Family Offices LLP boosted its holdings in shares of Jacobs Solutions by 55.7% in the 4th 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 period. Stratos Wealth Partners LTD. boosted its stake in Jacobs Solutions by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after buying an additional 175 shares during the period. Occidental Asset Management LLC boosted its stake in Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after buying an additional 2,619 shares during the period. JPMorgan Chase & Co. increased its position in Jacobs Solutions by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after acquiring an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Jacobs Solutions in the third quarter valued at $3,205,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on J. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial increased their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Robert W. Baird lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions Price Performance

J opened at $128.57 on Tuesday. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.84 and a beta of 0.72. 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 Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The business’s fifty day simple moving average is $134.66 and its 200-day simple moving average is $139.86.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the business earned $1.45 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has initiated a stock 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 shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions’s payout ratio is 26.39%.

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.