Brevan Howard Capital Management LP Invests $397,000 in Jacobs Solutions Inc. (NYSE:J)

Brevan Howard Capital Management LP acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,971 shares of the company's stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors have also modified their holdings of J. Heritage Family Offices LLP raised 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 valued at $1,993,000 after buying an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Jacobs Solutions by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares in the last quarter. Occidental Asset Management LLC raised its holdings in Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares in the last quarter. National Bank of Canada FI raised its holdings in Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after buying an additional 239,764 shares in the last quarter. Finally, Keene & Associates Inc. bought a new position in Jacobs Solutions during the fourth quarter valued at about $2,973,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $0.88 during trading on Wednesday, hitting $126.06. 1,122,948 shares of the stock were exchanged, compared to its average volume of 802,084. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company's fifty day simple moving average is $120.61 and its 200-day simple moving average is $130.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 earnings per share. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

Jacobs Solutions announced that its board has authorized a share 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 purchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on J shares. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday. Robert W. Baird decreased their target price 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. Royal Bank of Canada increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group lowered their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.