Graham Capital Management L.P. Has $1.61 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Graham Capital Management L.P. trimmed its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,061 shares of the company's stock after selling 9,328 shares during the period. Graham Capital Management L.P.'s holdings in Jacobs Solutions were worth $1,612,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC lifted its holdings 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 purchasing an additional 205 shares during the last quarter. Avalon Trust Co acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 115 shares during the last quarter. Assetmark Inc. lifted its holdings 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 purchasing an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. increased 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 during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J traded up $2.52 during midday trading on Thursday, hitting $128.74. The company's stock had a trading volume of 862,012 shares, compared to its average volume of 803,340. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The company's fifty day simple moving average is $120.64 and its two-hundred day simple moving average is $130.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company posted $1.91 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has authorized a stock buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are generally an indication 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

J has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird lowered 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. UBS Group lowered their price objective 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. Truist Financial raised their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

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.