Jacobs Solutions Inc. (NYSE:J) Position Trimmed by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,066 shares of the company's stock after selling 4,900 shares during the period. Guggenheim Capital LLC's holdings in Jacobs Solutions were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of J. Ninety One UK Ltd raised its position in shares of Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after purchasing an additional 449,161 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after purchasing an additional 446,057 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Jacobs Solutions by 138.9% in the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company's stock valued at $64,065,000 after acquiring an additional 278,777 shares during the period. National Bank of Canada FI lifted its stake in Jacobs Solutions by 956.8% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Jacobs Solutions during the 4th quarter worth about $24,069,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE J traded up $1.58 during trading hours on Friday, reaching $125.88. The company's stock had a trading volume of 258,272 shares, compared to its average volume of 788,121. 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 business has a 50-day simple moving average of $120.83 and a 200 day simple moving average of $131.67. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The stock has a market cap of $15.43 billion, a PE ratio of 25.92, a PEG ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date 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 (DPR) is presently 26.39%.

Jacobs Solutions announced that its board has approved a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on J. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Robert W. Baird lowered their target price 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. Finally, Truist Financial cut their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.86.

About Jacobs Solutions

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.