Jacobs Solutions Inc. (NYSE:J) Short Interest Update

Jacobs Solutions Inc. (NYSE:JGet Free Report) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,740,000 shares, a decline of 10.8% from the January 15th total of 1,950,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 807,700 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently modified their holdings of the stock. Colonial Trust Co SC grew its position in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after buying an additional 205 shares during the period. First Horizon Advisors Inc. grew its holdings in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Avalon Trust Co acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC boosted its holdings in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after buying an additional 115 shares during the period. Finally, Quarry LP boosted its holdings in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

J has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial lifted their target price 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Check Out Our Latest Stock Report on J

Jacobs Solutions Price Performance

Shares of NYSE J traded up $1.49 during trading on Tuesday, reaching $130.37. The company had a trading volume of 968,661 shares, compared to its average volume of 774,047. Jacobs Solutions has a 52 week low of $110.95 and a 52 week high of $150.54. The stock has a market cap of $15.98 billion, a PE ratio of 26.88, a PEG ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.25. The business’s 50 day moving average price is $135.32 and its 200-day moving average price is $140.26.

Jacobs Solutions (NYSE:JGet Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Analysts expect that Jacobs Solutions will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Jacobs Solutions’s payout ratio is currently 23.92%.

Jacobs Solutions Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.