Jacobs Solutions Inc. (NYSE:J) Stake Boosted by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,798 shares of the company's stock after buying an additional 3,358 shares during the period. Tidal Investments LLC's holdings in Jacobs Solutions were worth $3,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Stratos Wealth Partners LTD. increased its stake in Jacobs Solutions by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after acquiring an additional 175 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after purchasing an additional 239,764 shares during the period. Keene & Associates Inc. acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $2,973,000. Merit Financial Group LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at approximately $368,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Jacobs Solutions by 34.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock valued at $1,545,000 after buying an additional 2,949 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

J has been the subject of several recent research reports. UBS Group dropped their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Robert W. Baird cut their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada upped their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.8%

NYSE:J traded down $0.98 on Monday, reaching $125.83. The stock had a trading volume of 510,846 shares, compared to its average volume of 803,297. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The stock has a market cap of $15.12 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $121.43 and a 200 day moving average of $129.72.

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

Jacobs Solutions Dividend Announcement

The business also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is currently 35.26%.

Jacobs Solutions announced that its board has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.