Aster Capital Management DIFC Ltd Decreases Stake in Jacobs Solutions Inc. (NYSE:J)

Aster Capital Management DIFC Ltd reduced its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,302 shares of the company's stock after selling 42,603 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Jacobs Solutions were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Jacobs Solutions by 3.9% during the 3rd quarter. FMR LLC now owns 79,358 shares of the company's stock worth $10,388,000 after purchasing an additional 3,011 shares during the period. Benjamin Edwards Inc. boosted its stake in Jacobs Solutions by 27,300.0% during the third quarter. Benjamin Edwards Inc. now owns 1,644 shares of the company's stock worth $215,000 after buying an additional 1,638 shares during the period. Janus Henderson Group PLC raised its stake in shares of Jacobs Solutions by 2.4% in the 3rd quarter. Janus Henderson Group PLC now owns 32,059 shares of the company's stock valued at $4,197,000 after acquiring an additional 744 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Jacobs Solutions by 6.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,692 shares of the company's stock worth $614,000 after acquiring an additional 279 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $1,756,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Truist Financial lowered their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday. Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.14.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $1.49 during trading hours on Friday, reaching $116.34. The stock had a trading volume of 914,223 shares, compared to its average volume of 772,864. The firm has a 50-day moving average of $123.95 and a 200-day moving average of $133.53. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.84 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $1.45 earnings per share. Jacobs Solutions's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions declared that its board has initiated a stock buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is 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.