Jacobs Solutions Inc. (NYSE:J) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 20.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,415 shares of the company's stock after selling 3,730 shares during the period. Shufro Rose & Co. LLC's holdings in Jacobs Solutions were worth $1,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Larson Financial Group LLC grew its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. increased its stake in shares of 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 purchasing an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. increased 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 valued at $48,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group decreased their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Royal Bank of Canada increased 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. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Robert W. Baird dropped their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup dropped 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 report on Friday, April 25th. Four 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, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.14 during trading on Friday, reaching $126.16. 319,331 shares of the stock traded hands, compared to its average volume of 800,582. 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 company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The business has a fifty day simple moving average of $121.76 and a two-hundred day simple moving average of $129.41.

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 analysts' consensus estimates of $1.41 by $0.02. The business 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 business's revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its board has approved a stock repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership 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. Investors of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.