MBB Public Markets I LLC Takes $311,000 Position in Jacobs Solutions Inc. $J

Key Points

• MBB Public Markets I LLC acquired 2,572 shares of Jacobs Solutions Inc. during the 1st quarter, valued at approximately $311,000.
• Jacobs Solutions reported earnings of $1.62 per share for the quarter, exceeding analyst expectations, but its revenue was down 28.4% year-over-year.
• The company declared a quarterly dividend of $0.32 per share with a dividend yield of 0.9%, highlighting a payout ratio of 31.92%.

MBB Public Markets I LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,572 shares of the company's stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avidian Wealth Enterprises LLC raised its stake in Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares in the last quarter. Tlwm grew its holdings in shares of Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after acquiring an additional 105 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after acquiring an additional 108 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after purchasing an additional 117 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Jacobs Solutions by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock valued at $2,071,000 after purchasing an additional 134 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

J has been the subject of several research reports. UBS Group increased their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. KeyCorp lifted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $2.02 during trading on Friday, hitting $146.72. The company's stock had a trading volume of 736,236 shares, compared to its average volume of 601,707. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 2.02 and a beta of 0.79. The company has a 50-day moving average of $143.41 and a 200-day moving average of $130.64. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS 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 analyst estimates of $3.09 billion. During the same period in the prior year, the business posted $1.96 EPS. Jacobs Solutions's 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. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio is 31.92%.

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.