Jacobs Solutions Inc. (NYSE:J) Stock Holdings Increased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 554.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,532 shares of the company's stock after buying an additional 217,350 shares during the quarter. Squarepoint Ops LLC owned 0.21% of Jacobs Solutions worth $34,278,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of J. Kovitz Investment Group Partners LLC lifted its position in shares of Jacobs Solutions by 345.9% during the fourth 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 last quarter. Lazard Asset Management LLC grew its position in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after acquiring an additional 1,904,988 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Jacobs Solutions by 29.2% in the 4th 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. Proficio Capital Partners LLC raised its position in shares of Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after acquiring an additional 446,057 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded down $0.98 during trading hours on Monday, hitting $125.83. 510,846 shares of the company traded hands, compared to its average volume of 803,297. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The firm has a market cap of $15.12 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.84 and a beta of 0.77. The firm's 50-day simple moving average is $121.43 and its two-hundred day simple moving average is $129.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions announced that its board has initiated a share buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors 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. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on J shares. Robert W. Baird decreased 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. Royal Bank of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. UBS Group lowered their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial raised 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, May 12th. Finally, Citigroup cut their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has a consensus 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.