Tower Research Capital LLC TRC Decreases Holdings in Jacobs Solutions Inc. (NYSE:J)

Tower Research Capital LLC TRC lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 56.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,508 shares of the company's stock after selling 8,297 shares during the quarter. Tower Research Capital LLC TRC's holdings in Jacobs Solutions were worth $870,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC increased its position in shares of Jacobs Solutions by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after purchasing an additional 83 shares in the last quarter. Evoke Wealth LLC raised its position in Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after purchasing an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Jacobs Solutions by 10.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after acquiring an additional 92 shares during the period. Greenleaf Trust raised its holdings in Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock worth $371,000 after purchasing an additional 95 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J stock traded up $0.72 on Thursday, reaching $124.52. The company's stock had a trading volume of 296,911 shares, compared to its average volume of 784,096. The stock's 50 day simple moving average is $120.92 and its 200-day simple moving average is $131.78. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. 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 company has a market capitalization of $15.26 billion, a P/E ratio of 25.72, a PEG ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the business earned $1.45 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.03%. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on J. Citigroup decreased their price target 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. Truist Financial reduced their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $150.86.

About Jacobs Solutions

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.