Two Sigma Advisers LP Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Two Sigma Advisers LP boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,500 shares of the company's stock after buying an additional 34,100 shares during the period. Two Sigma Advisers LP owned approximately 0.18% of Jacobs Solutions worth $29,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of J. Barclays PLC raised its stake in shares of Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after acquiring an additional 75,318 shares during the period. Assenagon Asset Management S.A. increased its holdings in Jacobs Solutions by 5.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,002 shares of the company's stock valued at $802,000 after purchasing an additional 316 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Jacobs Solutions by 2.9% in the 4th quarter. Park Avenue Securities LLC now owns 5,691 shares of the company's stock valued at $760,000 after purchasing an additional 160 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Jacobs Solutions in the fourth quarter valued at approximately $368,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in Jacobs Solutions in the fourth quarter valued at approximately $278,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

J has been the subject of a number of research reports. Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Robert W. Baird lowered 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. Truist Financial lifted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank of Canada increased their price target 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. Finally, UBS Group lowered 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 note on Friday, May 9th. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.8%

J traded down $0.98 on Monday, hitting $125.83. 510,846 shares of the company were exchanged, compared to its average volume of 803,297. The firm has a 50-day moving average price of $121.43 and a two-hundred day moving average price of $129.72. 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 Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the business posted $1.91 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities 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 share buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

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

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.