7,462 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Woodline Partners LP

Woodline Partners LP bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,462 shares of the company's stock, valued at approximately $997,000.

Several other institutional investors have also recently made changes to their positions in the business. Orion Portfolio Solutions LLC grew its position in shares of Jacobs Solutions by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after buying an additional 87 shares in the last quarter. Evoke Wealth LLC grew its holdings in Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after buying an additional 88 shares in the last quarter. Greenleaf Trust grew its holdings in Jacobs Solutions by 3.5% during the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company's stock valued at $371,000 after buying an additional 95 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.3%

Shares of Jacobs Solutions stock traded up $0.38 on Friday, reaching $126.40. The company had a trading volume of 2,174,853 shares, compared to its average volume of 805,814. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50-day moving average price is $121.82 and its two-hundred day moving average price is $129.12. 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 announced its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $1.91 EPS. As a group, research analysts predict 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 share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Royal Bank of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Finally, Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.