Caisse DE Depot ET Placement DU Quebec Has $134.64 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,007,612 shares of the company's stock after buying an additional 289,573 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.82% of Jacobs Solutions worth $134,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC lifted its holdings in Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock worth $40,933,000 after purchasing an additional 75,318 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Jacobs Solutions by 151.2% in the third quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock worth $612,000 after purchasing an additional 2,814 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in Jacobs Solutions by 3.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock valued at $2,729,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $3,205,000. Finally, Tidal Investments LLC boosted its holdings in Jacobs Solutions by 3.5% in the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock valued at $3,199,000 after purchasing an additional 829 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J stock traded down $7.27 during midday trading on Tuesday, reaching $119.36. 698,118 shares of the company's stock traded hands, compared to its average volume of 796,414. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.84 and a beta of 0.77. The company has a 50-day simple moving average of $120.84 and a two-hundred day simple moving average of $131.32. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.43. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions's revenue for the quarter 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. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Analyst Upgrades and Downgrades

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

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.