Jacobs Solutions Inc. (NYSE:J) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 37.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,732 shares of the company's stock after selling 2,257 shares during the period. Teza Capital Management LLC's holdings in Jacobs Solutions were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in J. Colonial Trust Co SC grew its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares in the last quarter. Avalon Trust Co acquired a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC grew its stake in Jacobs Solutions by 71.9% during 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 in the last quarter. Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. lifted its stake in Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after purchasing an additional 190 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.3%

NYSE J opened at $128.78 on Tuesday. 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 stock has a market capitalization of $15.47 billion, a P/E ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.77. The firm's 50-day moving average is $121.02 and its two-hundred day moving average is $130.19. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping 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 firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business posted $1.91 EPS. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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 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 0.99%. Jacobs Solutions's payout ratio is presently 35.26%.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on J. UBS Group dropped their price target 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 dropped their target price on 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 target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial boosted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report 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 for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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