Tidal Investments LLC Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Tidal Investments LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,798 shares of the company’s stock after purchasing an additional 3,358 shares during the quarter. Tidal Investments LLC’s holdings in Jacobs Solutions were worth $3,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC increased its stake in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions in the 4th quarter worth $33,000. Larson Financial Group LLC boosted its holdings in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the period. Assetmark Inc. increased its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake 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 buying an additional 190 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research report on Monday, May 12th. UBS Group decreased their target price on 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 lowered their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada upped 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 objective 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.86.

Jacobs Solutions Trading Down 0.6%

Shares of J stock opened at $128.07 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The stock’s 50-day moving average price is $121.20 and its 200-day moving average price is $130.17.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data 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. The business 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%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions’s payout ratio is 35.26%.

Jacobs Solutions declared that its Board of Directors 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 buy up to 9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.