92,027 Shares in Jacobs Solutions Inc. $J Bought by CHURCHILL MANAGEMENT Corp

Key Points

• CHURCHILL MANAGEMENT Corp acquired 92,027 shares of Jacobs Solutions Inc., valued at approximately $12.1 million, representing about 0.08% ownership in the company.
• Jacobs Solutions received multiple upgrades from analysts, with UBS raising its target price from $152 to $166 and a consensus rating of "Moderate Buy" from research analysts.
• The company recently announced a quarterly dividend of $0.32 per share, translating to an annualized yield of 0.8%.

CHURCHILL MANAGEMENT Corp bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 92,027 shares of the company's stock, valued at approximately $12,097,000. CHURCHILL MANAGEMENT Corp owned approximately 0.08% of Jacobs Solutions at the end of the most recent quarter.

Several other large investors also recently modified their holdings of J. Rossby Financial LCC bought a new position in shares of Jacobs Solutions during the 1st quarter valued at about $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions in the second quarter valued at approximately $44,000. Whipplewood Advisors LLC lifted its stake in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares in the last quarter. Colonial Trust Advisors acquired a new position in shares of Jacobs Solutions in the first quarter valued at approximately $51,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Jacobs Solutions during the second quarter worth $53,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Trading Up 1.7%

NYSE J opened at $152.41 on Thursday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $153.38. 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 stock has a 50 day moving average of $146.51 and a 200-day moving average of $132.84. The company has a market cap of $18.22 billion, a PE ratio of 38.01, a PEG ratio of 2.03 and a beta of 0.81.

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

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) 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.

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