Mn Services Vermogensbeheer B.V. Buys New Shares in Jacobs Solutions Inc. $J

Key Points

• Mn Services Vermogensbeheer B.V. acquired 45,800 shares of Jacobs Solutions Inc., valued at approximately $6,020,000, during the second quarter.
• Jacobs Solutions has a market cap of $17.82 billion and recently reported earnings of $1.62 per share, beating estimates by $0.06.
• Analysts have raised their target price for Jacobs Solutions, with UBS Group and Citigroup both setting new targets of $166.00 and maintaining a "buy" rating.

Mn Services Vermogensbeheer B.V. acquired a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,800 shares of the company's stock, valued at approximately $6,020,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Jacobs Solutions by 21.5% in the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after buying an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. grew its holdings in shares of Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after purchasing an additional 6,824 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after buying an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Jacobs Solutions in the first quarter worth $1,986,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp upped their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup raised their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $0.58 during midday trading on Friday, hitting $149.05. The company had a trading volume of 1,635,672 shares, compared to its average volume of 683,227. The business's 50 day simple moving average is $144.77 and its two-hundred day simple moving average is $131.50. 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 $152.40. The stock has a market cap of $17.82 billion, a PE ratio of 37.17, a P/E/G ratio of 2.03 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The business's revenue for the quarter 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, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions's dividend payout ratio is 31.92%.

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.