Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 458,562 shares of the company's stock after buying an additional 141,162 shares during the period. Two Sigma Investments LP owned 0.37% of Jacobs Solutions worth $61,273,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of J. Colonial Trust Co SC increased its holdings in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Jacobs Solutions during the fourth quarter worth $33,000. Larson Financial Group LLC boosted its position in shares of Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares during the period. Assetmark Inc. grew its stake in shares of Jacobs Solutions by 42.7% in the fourth 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. Finally, Optiver Holding B.V. raised its holdings in shares of Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on J shares. UBS Group decreased their target price 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. Truist Financial increased their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada increased 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Performance

Shares of J opened at $128.78 on Tuesday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The stock has a market capitalization of $15.47 billion, a PE ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50-day simple moving average of $121.02 and a 200-day simple moving average of $130.19.

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

Jacobs Solutions declared that its board has initiated a stock buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.

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