ExodusPoint Capital Management LP Has $12.19 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

ExodusPoint Capital Management LP grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 597.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,240 shares of the company's stock after acquiring an additional 78,154 shares during the period. ExodusPoint Capital Management LP owned about 0.07% of Jacobs Solutions worth $12,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of J. World Investment Advisors raised its position in shares of Jacobs Solutions by 19.4% during the 4th quarter. World Investment Advisors now owns 2,101 shares of the company's stock worth $281,000 after acquiring an additional 342 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after purchasing an additional 157,086 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $23,916,000. Geode Capital Management LLC boosted its holdings in shares of Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after buying an additional 10,174 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Jacobs Solutions by 956.8% in the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after buying an additional 239,764 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently commented on J shares. Truist Financial cut their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird reduced their price objective 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.14.

Jacobs Solutions Stock Up 7.0 %

Shares of NYSE:J traded up $7.75 during trading on Wednesday, hitting $118.54. The company's stock had a trading volume of 1,765,594 shares, compared to its average volume of 766,623. The company has a market capitalization of $14.53 billion, a PE ratio of 24.44, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. 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 stock's 50-day moving average price is $124.78 and its two-hundred day moving average price is $134.04.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the business earned $1.45 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.08%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board 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.