Tidal Investments LLC Buys 3,358 Shares of Jacobs Solutions Inc. (NYSE:J)

Tidal Investments LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 13.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,798 shares of the company’s stock after acquiring an additional 3,358 shares during the period. Tidal Investments LLC’s holdings in Jacobs Solutions were worth $3,714,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Colonial Trust Co SC increased 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 acquiring an additional 205 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $33,000. Larson Financial Group LLC boosted its stake 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 purchasing an additional 115 shares during the period. Assetmark Inc. grew its holdings in 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 purchasing an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. raised its position in Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after purchasing an additional 190 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on J shares. Robert W. Baird decreased their price objective on shares of 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 increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Monday, May 12th. UBS Group decreased their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Citigroup cut their price objective 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. Finally, Royal Bank of Canada increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $150.86.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $128.07 on Wednesday. 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 capitalization of $15.39 billion, a PE ratio of 26.41, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a 50 day moving average price of $121.20 and a 200-day moving average price of $130.17. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.91 EPS. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its board has approved a stock repurchase plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 annualized dividend and a dividend yield of 1.00%. Jacobs Solutions’s dividend payout ratio is currently 35.26%.

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.