Nexpoint Asset Management L.P. Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Nexpoint Asset Management L.P. cut its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 69.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833 shares of the company's stock after selling 6,507 shares during the period. Nexpoint Asset Management L.P.'s holdings in Jacobs Solutions were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of J. Avalon Trust Co purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. increased its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Optiver Holding B.V. increased its stake in shares of Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 2.2 %

Shares of NYSE:J traded up $2.76 during midday trading on Friday, reaching $127.06. 1,472,720 shares of the company's stock were exchanged, compared to its average volume of 794,873. The firm's 50 day simple moving average is $120.83 and its two-hundred day simple moving average is $131.53. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for 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%. The business's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions declared that its board has approved a stock buyback plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on J shares. Citigroup lowered their price target 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. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Truist Financial decreased their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Company 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.