Nebula Research & Development LLC Sells 12,298 Shares of Jacobs Solutions Inc. (NYSE:J)

Nebula Research & Development LLC reduced its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 77.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,614 shares of the company's stock after selling 12,298 shares during the period. Nebula Research & Development LLC's holdings in Jacobs Solutions were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kovitz Investment Group Partners LLC raised its position in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC increased its position in Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares during the period. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after buying an additional 449,161 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Jacobs Solutions by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after purchasing an additional 157,086 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Jacobs Solutions by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock valued at $119,724,000 after acquiring an additional 78,284 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 2.2 %

Shares of Jacobs Solutions stock traded up $2.76 on Friday, hitting $127.06. The stock had a trading volume of 1,472,720 shares, compared to its average volume of 794,367. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.84 and a beta of 0.73. 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's 50-day simple moving average is $120.83 and its two-hundred day simple moving average is $131.59.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

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

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on J shares. 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 report on Friday, April 25th. Robert W. Baird decreased their target price on shares of 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 dropped their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average 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.