Susquehanna Fundamental Investments LLC Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

Susquehanna Fundamental Investments LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,604 shares of the company's stock, valued at approximately $482,000.

Other large investors also recently modified their holdings of the company. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $33,000. Larson Financial Group LLC lifted its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after buying an additional 248 shares during the period. Finally, Transce3nd LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial cut their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup cut their price objective on 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $7.10 during midday trading on Tuesday, hitting $119.54. The stock had a trading volume of 1,465,198 shares, compared to its average volume of 798,323. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a market capitalization of $14.65 billion, a PE ratio of 24.65, a P/E/G ratio of 1.84 and a beta of 0.77. The firm's fifty day moving average is $120.84 and its two-hundred day moving average is $131.32.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. During the same quarter in the prior year, the firm posted $1.91 EPS. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 1.07%. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has initiated a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

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.