Jacobs Solutions Inc. (NYSE:J) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 733.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 111,813 shares of the company's stock after purchasing an additional 98,401 shares during the quarter. Point72 Asset Management L.P. owned 0.09% of Jacobs Solutions worth $14,940,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. 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 report on Friday, May 9th. Robert W. Baird lowered 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 upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.61 during midday trading on Thursday, hitting $126.92. The company's stock had a trading volume of 519,467 shares, compared to its average volume of 803,006. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. 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 has a market cap of $15.25 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.84 and a beta of 0.77. The firm's 50 day moving average is $121.28 and its 200-day moving average is $130.15.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 4.28% and a return on equity of 14.87%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its board has authorized a stock repurchase plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Announces Dividend

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