Tidal Investments LLC Acquires 3,358 Shares of Jacobs Solutions Inc. (NYSE:J)

Tidal Investments LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,798 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Jacobs Solutions by 31.7% during the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after buying an additional 75,318 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Jacobs Solutions by 5.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,002 shares of the company's stock worth $802,000 after acquiring an additional 316 shares during the period. Park Avenue Securities LLC increased its position in Jacobs Solutions by 2.9% during the fourth quarter. Park Avenue Securities LLC now owns 5,691 shares of the company's stock valued at $760,000 after acquiring an additional 160 shares during the last quarter. Merit Financial Group LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $368,000. Finally, Aaron Wealth Advisors LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $278,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $0.98 during midday trading on Friday, hitting $125.83. The stock had a trading volume of 510,846 shares, compared to its average volume of 802,213. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a market capitalization of $15.12 billion, a PE ratio of 25.94, a P/E/G ratio of 1.84 and a beta of 0.77. The firm's fifty day moving average is $121.36 and its two-hundred day moving average is $130.06. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions declared that its board has authorized a share repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions's payout ratio is 35.26%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Truist Financial upped their target price 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 decreased their price target 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. Finally, Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions 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.