Aberdeen Group plc Has $15.01 Million Stake in Jacobs Solutions Inc. $J

Key Points

• Aberdeen Group plc increased its stake in Jacobs Solutions by 117.7% in Q1, holding 124,869 shares valued at $15.01 million.
• Jacobs Solutions reported $1.62 earnings per share for its last quarter, exceeding estimates, but experienced a 28.4% revenue decline year-over-year.
• The company has received a consensus target price of $155.25 from analysts, with four maintaining a "hold" rating and six a "buy" rating.

Aberdeen Group plc increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 117.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,869 shares of the company's stock after acquiring an additional 67,504 shares during the quarter. Aberdeen Group plc owned about 0.10% of Jacobs Solutions worth $15,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of J. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Rossby Financial LCC bought a new position in Jacobs Solutions during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC boosted its stake in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after acquiring an additional 354 shares during the last quarter. Optiver Holding B.V. boosted its stake in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares during the last quarter. Finally, Transce3nd LLC bought a new position in Jacobs Solutions during the 4th quarter worth approximately $53,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.7%

Shares of J stock traded up $1.09 during trading on Friday, reaching $148.41. The company's stock had a trading volume of 525,224 shares, compared to its average volume of 741,691. The business has a fifty day moving average price of $138.55 and a 200-day moving average price of $129.06. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS 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 analyst estimates 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 quarter in the previous year, the firm posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on J shares. Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note 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 research note on Wednesday, August 6th. 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 research note on Monday, July 28th. Finally, Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.25.

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.