Voya Investment Management LLC Sells 5,616 Shares of Jacobs Solutions Inc. (NYSE:J)

Voya Investment Management LLC reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,667 shares of the company's stock after selling 5,616 shares during the quarter. Voya Investment Management LLC's holdings in Jacobs Solutions were worth $5,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of J. Barclays PLC boosted its stake in shares of Jacobs Solutions by 31.7% during the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock worth $40,933,000 after purchasing an additional 75,318 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Jacobs Solutions by 151.2% during the third quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock valued at $612,000 after purchasing an additional 2,814 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Jacobs Solutions by 3.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock worth $2,729,000 after acquiring an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jacobs Solutions during the third quarter worth approximately $3,205,000. Finally, Tidal Investments LLC raised its stake in Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock valued at $3,199,000 after acquiring an additional 829 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

J has been the topic of several research reports. Citigroup dropped their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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. Finally, Robert W. Baird cut their price target 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Down 4.5 %

Shares of NYSE J traded down $5.69 during midday trading on Tuesday, hitting $120.94. 470,284 shares of the stock traded hands, compared to its average volume of 795,563. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The business has a 50 day moving average price of $120.84 and a two-hundred day moving average price of $131.32. 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 has a market cap of $14.82 billion, a PE ratio of 24.95, a P/E/G ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.32 per share. 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 1.06%. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a share buyback program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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.