Point72 Asia Singapore Pte. Ltd. Takes $355,000 Position in Jacobs Solutions Inc. (NYSE:J)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,659 shares of the company's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. lifted its position in Jacobs Solutions by 733.7% during the fourth quarter. Point72 Asset Management L.P. now owns 111,813 shares of the company's stock worth $14,940,000 after buying an additional 98,401 shares during the period. ProShare Advisors LLC increased its stake in shares of Jacobs Solutions by 12.5% during the 4th quarter. ProShare Advisors LLC now owns 19,263 shares of the company's stock valued at $2,574,000 after acquiring an additional 2,141 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Jacobs Solutions by 149.1% during the 4th quarter. Quantinno Capital Management LP now owns 68,582 shares of the company's stock worth $9,164,000 after acquiring an additional 41,045 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of Jacobs Solutions in the fourth quarter worth approximately $245,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Jacobs Solutions in the fourth quarter worth approximately $547,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.3%

Jacobs Solutions stock traded down $0.39 during trading on Monday, reaching $128.78. 627,892 shares of the company's stock were exchanged, compared to its average volume of 803,902. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The company's 50-day moving average is $120.88 and its two-hundred day moving average is $130.26.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The company's revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its board has initiated a share repurchase plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Analysts Set New Price Targets

Several brokerages recently commented on J. UBS Group dropped their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Citigroup cut their target price 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. Royal Bank of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.