Hsbc Holdings PLC Sells 3,503 Shares of Jacobs Solutions Inc. (NYSE:J)

Hsbc Holdings PLC lessened its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,809 shares of the company's stock after selling 3,503 shares during the period. Hsbc Holdings PLC owned about 0.17% of Jacobs Solutions worth $27,625,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in J. Barclays PLC raised its holdings in Jacobs Solutions by 31.7% in the third 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 in the last quarter. Virtu Financial LLC increased its position in Jacobs Solutions by 151.2% in the 3rd quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock valued at $612,000 after acquiring an additional 2,814 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in shares of Jacobs Solutions by 3.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock valued at $2,729,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions during the 3rd quarter worth about $3,205,000. Finally, Tidal Investments LLC raised its holdings in Jacobs Solutions by 3.5% during the third quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock worth $3,199,000 after purchasing an additional 829 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, Truist Financial lowered their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.61 during midday trading on Thursday, reaching $124.41. The stock had a trading volume of 343,547 shares, compared to its average volume of 784,266. The stock has a market capitalization of $15.25 billion, a P/E ratio of 25.65, a PEG ratio of 1.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The firm's fifty day simple moving average is $120.92 and its 200-day simple moving average is $131.78.

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

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.03%. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

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

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.