AQR Capital Management LLC Acquires 120,974 Shares of Jacobs Solutions Inc. (NYSE:J)

AQR Capital Management LLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 760,302 shares of the company's stock after acquiring an additional 120,974 shares during the quarter. AQR Capital Management LLC owned about 0.62% of Jacobs Solutions worth $101,295,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after purchasing an additional 3,597,564 shares during the period. Geode Capital Management LLC boosted its stake in Jacobs Solutions by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares during the period. Ninety One UK Ltd increased its position in shares of Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after acquiring an additional 449,161 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after acquiring an additional 157,086 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Jacobs Solutions by 6.2% in the 4th quarter. Northern Trust Corp now owns 1,128,088 shares of the company's stock worth $150,735,000 after acquiring an additional 65,980 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on J. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Robert W. Baird cut their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Up 2.2 %

NYSE J traded up $2.76 during trading hours on Friday, hitting $127.06. 1,472,720 shares of the company's stock were exchanged, compared to its average volume of 794,367. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $15.57 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The business's 50 day moving average is $120.83 and its 200-day moving average is $131.59. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board has authorized a share repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

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.