12,000 Shares in Jacobs Solutions Inc. $J Purchased by Board of the Pension Protection Fund

Key Points

• The Pension Protection Fund acquired a total of 12,000 shares of Jacobs Solutions Inc. for approximately $1,577,000, making it the fund's 10th largest position at about 1.7% of its portfolio.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding estimates and indicating a 28.4% decline in revenue year-over-year.
• Analysts have shown positive sentiment for Jacobs Solutions, with upgrades from several firms, including KeyCorp and Citigroup, raising price targets for the stock significantly.

Board of the Pension Protection Fund purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,000 shares of the company's stock, valued at approximately $1,577,000. Jacobs Solutions accounts for approximately 1.7% of Board of the Pension Protection Fund's investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after acquiring an additional 2,457 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after acquiring an additional 3,451 shares during the period. Gibraltar Capital Management Inc. boosted its holdings in shares of Jacobs Solutions by 13.9% during the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after acquiring an additional 6,824 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Jacobs Solutions by 12.7% during the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after acquiring an additional 2,222 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Jacobs Solutions during the first quarter worth approximately $1,986,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $151.02 on Friday. The company's 50 day simple moving average is $148.29 and its 200 day simple moving average is $134.46. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $157.89.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The company's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's payout ratio is 31.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on J. KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Truist Financial boosted their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday. UBS Group increased their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.71.

Jacobs Solutions Company 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.

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