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

Two Sigma Advisers LP grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,500 shares of the company's stock after purchasing an additional 34,100 shares during the period. Two Sigma Advisers LP owned approximately 0.18% of Jacobs Solutions worth $29,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Colonial Trust Co SC lifted its stake in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Avalon Trust Co acquired a new position in Jacobs Solutions during the 4th quarter worth about $33,000. Larson Financial Group LLC lifted 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 worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. lifted its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

J has been the topic of several research reports. UBS Group decreased their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Robert W. Baird decreased their target price 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. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Royal Bank of Canada increased 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. Finally, Citigroup cut their price target 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Down 0.8%

NYSE J traded down $0.98 during trading hours on Friday, hitting $125.83. 510,846 shares of the company were exchanged, compared to its average volume of 802,213. The company has a 50 day moving average of $121.43 and a two-hundred day moving average of $129.95. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business posted $1.91 EPS. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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 issued 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 dividend yield of 1.02%. Jacobs Solutions's payout ratio is currently 35.26%.

Jacobs Solutions declared that its board has initiated a share 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 buy up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is 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.