D. E. Shaw & Co. Inc. Sells 65,126 Shares of Jacobs Solutions Inc. (NYSE:J)

D. E. Shaw & Co. Inc. reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 97.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,600 shares of the company's stock after selling 65,126 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Jacobs Solutions were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC raised its position in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $33,000. Larson Financial Group LLC raised its position in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. grew its holdings in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the period. Finally, Optiver Holding B.V. grew its holdings in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on J. UBS Group reduced their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Truist Financial lifted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup dropped their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Up 0.3%

Shares of Jacobs Solutions stock traded up $0.38 during trading hours on Friday, reaching $126.40. 2,174,853 shares of the company's stock were exchanged, compared to its average volume of 807,514. The stock has a market cap of $15.19 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a 50 day moving average of $121.76 and a two-hundred day moving average of $129.41. 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 fifty-two week low of $106.23 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during 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 firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Jacobs Solutions declared that its Board of Directors has authorized a share buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Jacobs Solutions 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.