Adage Capital Partners GP L.L.C. Reduces Stock Position in Jacobs Solutions Inc. $J

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Jacobs Solutions by 3.7%, now holding 111,827 shares valued at $13.5 million after selling 4,300 shares in the first quarter.
• Jacobs Solutions recently declared a quarterly dividend of $0.32, with an annualized dividend yield of 0.9%.
• Brokerages have increased price targets for Jacobs Solutions, with UBS raising its target from $152 to $166, reflecting a positive outlook on the stock among analysts.

Adage Capital Partners GP L.L.C. lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,827 shares of the company's stock after selling 4,300 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Jacobs Solutions worth $13,519,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in J. Lazard Asset Management LLC boosted its position in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after buying an additional 1,904,988 shares during the period. Deutsche Bank AG lifted its position in shares of Jacobs Solutions by 148.2% in the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares during the period. Nuveen LLC purchased a new stake in shares of Jacobs Solutions in the 1st quarter worth about $43,251,000. Vontobel Holding Ltd. lifted its position in shares of Jacobs Solutions by 639.3% in the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after purchasing an additional 295,957 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Jacobs Solutions by 22,889.3% in the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock worth $33,350,000 after purchasing an additional 274,671 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $145.39 on Friday. The company has a 50 day moving average price of $142.07 and a 200-day moving average price of $130.06. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $152.40. The firm has a market capitalization of $17.38 billion, a PE ratio of 36.26, a P/E/G ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. 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 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 research 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 declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is currently 31.92%.

Analysts Set New Price Targets

Several brokerages recently issued reports on J. 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. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Truist Financial increased their price target 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. Citigroup raised their price objective 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, KeyCorp raised their price objective 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. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions 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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