Jacobs Solutions Inc. (NYSE:J) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 92.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,302 shares of the company’s stock after selling 42,603 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Jacobs Solutions were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Orion Portfolio Solutions LLC boosted its holdings in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock valued at $1,471,000 after acquiring an additional 83 shares during the period. Evoke Wealth LLC grew its holdings in shares of Jacobs Solutions by 0.7% in the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock valued at $1,655,000 after purchasing an additional 88 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after purchasing an additional 92 shares in the last quarter. Greenleaf Trust increased its stake in Jacobs Solutions by 3.5% during the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after buying an additional 95 shares during the period. Finally, Assetmark Inc. lifted its holdings in Jacobs Solutions by 42.7% during 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. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 5.9 %

NYSE:J opened at $111.47 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a 1 year low of $110.90 and a 1 year high of $156.31. The stock has a market cap of $13.66 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.84 and a beta of 0.73. The stock has a 50-day simple moving average of $127.24 and a 200-day simple moving average of $135.07.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, 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 stock repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.32 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on J shares. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Robert W. Baird lowered their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.86.

Jacobs Solutions Profile

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.