Jacobs Solutions Inc. (NYSE:J) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,768 shares of the company's stock after selling 6,600 shares during the period. Louisbourg Investments Inc.'s holdings in Jacobs Solutions were worth $4,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares during the last quarter. Quarry LP raised its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions in the 3rd quarter valued at about $42,000. True Wealth Design LLC acquired a new position in Jacobs Solutions in the 3rd quarter valued at about $44,000. Finally, GAMMA Investing LLC raised its stake in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup cut 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. Robert W. Baird dropped 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 upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.89.

Jacobs Solutions Trading Down 1.2 %

Shares of NYSE:J traded down $1.55 during trading on Friday, reaching $128.81. 830,761 shares of the stock were exchanged, compared to its average volume of 785,657. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72. The firm's 50-day moving average price is $135.47 and its 200 day moving average price is $140.45.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

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.