Jacobs Solutions Inc. (NYSE:J) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC cut its stake in Jacobs Solutions Inc. (NYSE:J) by 37.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,732 shares of the company’s stock after selling 2,257 shares during the quarter. Teza Capital Management LLC’s holdings in Jacobs Solutions were worth $499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC raised its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock valued at $619,676,000 after buying an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock valued at $281,808,000 after acquiring an additional 1,904,988 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after acquiring an additional 446,057 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company’s stock worth $88,799,000 after purchasing an additional 396,759 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $128.78 on Tuesday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.77. The company has a 50-day simple moving average of $121.02 and a 200-day simple moving average of $130.19. 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 (NYSE:J) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 35.26%.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is 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.