Jacobs Solutions Inc. (NYSE:J) Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd trimmed its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 56.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,553 shares of the company's stock after selling 8,570 shares during the quarter. iSAM Funds UK Ltd's holdings in Jacobs Solutions were worth $876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waters Parkerson & CO. LLC grew its position in shares of Jacobs Solutions by 1.5% in the 4th quarter. Waters Parkerson & CO. LLC now owns 206,563 shares of the company's stock valued at $27,601,000 after buying an additional 2,985 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Jacobs Solutions by 554.7% in the 4th quarter. Squarepoint Ops LLC now owns 256,532 shares of the company's stock valued at $34,278,000 after buying an additional 217,350 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Jacobs Solutions by 18.6% in the 4th quarter. Two Sigma Advisers LP now owns 217,500 shares of the company's stock valued at $29,062,000 after buying an additional 34,100 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Jacobs Solutions by 44.5% in the 4th quarter. Two Sigma Investments LP now owns 458,562 shares of the company's stock valued at $61,273,000 after buying an additional 141,162 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Jacobs Solutions by 13.7% in the 4th quarter. Tidal Investments LLC now owns 27,798 shares of the company's stock valued at $3,714,000 after buying an additional 3,358 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.3%

Shares of NYSE:J opened at $128.78 on Tuesday. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.77. The firm's 50-day simple moving average is $121.02 and its 200-day simple moving average is $130.19. 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 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 issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 earnings per share. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Citigroup lowered 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. UBS Group lowered their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Truist Financial raised their price objective 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. Finally, Royal Bank of Canada raised their price objective 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

About Jacobs Solutions

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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