Mn Services Vermogensbeheer B.V. Acquires New Holdings 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. purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,800 shares of the company's stock, valued at approximately $6,020,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of J. Nuveen LLC acquired a new stake in Jacobs Solutions in the 1st quarter worth $43,251,000. Vontobel Holding Ltd. boosted its position in shares of Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after acquiring an additional 295,957 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 22,889.3% during the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock valued at $33,350,000 after acquiring an additional 274,671 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Jacobs Solutions by 1,098.2% during the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company's stock valued at $27,420,000 after acquiring an additional 207,886 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock valued at $263,171,000 after acquiring an additional 188,852 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Jacobs Solutions Trading Down 2.1%

Shares of NYSE:J traded down $3.11 during trading on Tuesday, hitting $147.50. 178,670 shares of the company's stock were exchanged, compared to its average volume of 800,677. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The firm has a 50-day moving average price of $145.07 and a two-hundred day moving average price of $131.68. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.63 billion, a P/E ratio of 36.84, a PEG ratio of 2.03 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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 net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the company earned $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. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current 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 issued a dividend of $0.32 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's payout ratio is currently 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.