Jacobs Solutions Inc. (NYSE:J) Holdings Raised by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 554.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,532 shares of the company’s stock after purchasing an additional 217,350 shares during the period. Squarepoint Ops LLC owned about 0.21% of Jacobs Solutions worth $34,278,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of J. Colonial Trust Co SC raised its position in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. Avalon Trust Co acquired a new position in Jacobs Solutions during the fourth quarter valued at $33,000. Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after buying an additional 115 shares during the period. Assetmark Inc. raised its position in Jacobs Solutions by 42.7% during the fourth 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. Finally, Optiver Holding B.V. raised its position in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock valued at $48,000 after buying an additional 190 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $128.07 on Wednesday. The business’s 50-day simple moving average is $121.20 and its 200-day simple moving average is $130.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. 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 $15.39 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are usually an indication 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.00%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analyst Weigh In

J has been the topic of several recent analyst reports. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Robert W. Baird cut 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. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Monday, May 12th. Royal Bank of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus 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.