Trexquant Investment LP Buys Shares of 178,984 Jacobs Solutions Inc. (NYSE:J)

Trexquant Investment LP bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 178,984 shares of the company's stock, valued at approximately $23,916,000. Trexquant Investment LP owned 0.15% of Jacobs Solutions as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in J. The Manufacturers Life Insurance Company raised its holdings in shares of Jacobs Solutions by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 81,302 shares of the company's stock valued at $10,642,000 after buying an additional 266 shares during the last quarter. D.A. Davidson & CO. lifted its position in Jacobs Solutions by 53.0% during the 3rd quarter. D.A. Davidson & CO. now owns 6,833 shares of the company's stock worth $895,000 after acquiring an additional 2,366 shares during the period. FMR LLC grew its stake in shares of Jacobs Solutions by 3.9% in the 3rd quarter. FMR LLC now owns 79,358 shares of the company's stock valued at $10,388,000 after purchasing an additional 3,011 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Jacobs Solutions by 58.5% in the third quarter. Glenmede Trust Co. NA now owns 6,261 shares of the company's stock valued at $820,000 after purchasing an additional 2,312 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Jacobs Solutions by 412.3% during the third quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company's stock worth $3,155,000 after purchasing an additional 19,400 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

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Analyst Upgrades and Downgrades

J has been the topic of several recent research reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup dropped 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. Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird dropped their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.86.

Jacobs Solutions Price Performance

Shares of NYSE:J traded down $6.13 during trading on Thursday, hitting $118.39. 1,124,677 shares of the stock were exchanged, compared to its average volume of 754,557. The company has a market cap of $14.51 billion, a PE ratio of 24.41, a P/E/G ratio of 1.84 and a beta of 0.77. 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 company has a fifty day moving average price of $128.29 and a two-hundred day moving average price of $135.56. Jacobs Solutions Inc. has a 12-month low of $117.50 and a 12-month high of $156.31.

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

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio is presently 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.