Soros Fund Management LLC Decreases Stake in Jacobs Solutions Inc. (NYSE:J)

Soros Fund Management LLC lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,568 shares of the company's stock after selling 202,339 shares during the period. Soros Fund Management LLC owned 0.24% of Jacobs Solutions worth $39,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Jacobs Solutions by 31.7% during the third quarter. Barclays PLC now owns 312,700 shares of the company's stock worth $40,933,000 after buying an additional 75,318 shares in the last quarter. Virtu Financial LLC grew its stake in Jacobs Solutions by 151.2% during 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 in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Jacobs Solutions by 3.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock valued at $2,729,000 after acquiring an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. Finally, Tidal Investments LLC boosted its holdings in shares of Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock worth $3,199,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 2.2 %

J traded up $2.76 on Friday, hitting $127.06. The company had a trading volume of 1,472,720 shares, compared to its average volume of 794,367. 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 firm has a market cap of $15.57 billion, a P/E ratio of 26.20, a PEG ratio of 1.84 and a beta of 0.73. The company's fifty day moving average price is $120.83 and its 200 day moving average price is $131.59. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business posted $1.45 EPS. The business's revenue for the quarter was up 4.4% 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 year.

Jacobs Solutions announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid 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 1.01%. Jacobs Solutions's payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

J has been the topic of a number of recent research reports. 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. Truist Financial reduced their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup dropped their price objective 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.