Advisors Asset Management Inc. Has $8.55 Million Stock Position in Jacobs Solutions Inc. $J

Key Points

• Advisors Asset Management Inc. reduced its holdings in Jacobs Solutions Inc. by 10.1%, owning 70,725 shares valued at approximately $8.55 million as of its latest SEC filing.
• Analysts have set a consensus target price of $155.25 for Jacobs Solutions, with several firms including UBS and Royal Bank of Canada issuing buy ratings.
• Jacobs Solutions recently declared a quarterly dividend of $0.32 per share, reflecting an annualized yield of 0.9% with a payout ratio of 31.92%.

Advisors Asset Management Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 10.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 70,725 shares of the company's stock after selling 7,988 shares during the period. Advisors Asset Management Inc. owned approximately 0.06% of Jacobs Solutions worth $8,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in J. Amundi boosted its position in shares of Jacobs Solutions by 48.5% during the first quarter. Amundi now owns 78,006 shares of the company's stock worth $9,242,000 after purchasing an additional 25,486 shares in the last quarter. American Trust Investment Advisors LLC boosted its position in shares of Jacobs Solutions by 4.4% during the first quarter. American Trust Investment Advisors LLC now owns 41,924 shares of the company's stock worth $5,068,000 after purchasing an additional 1,765 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Jacobs Solutions by 0.7% during the first quarter. Ancora Advisors LLC now owns 51,816 shares of the company's stock worth $6,264,000 after purchasing an additional 351 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Jacobs Solutions by 693.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 59,409 shares of the company's stock worth $7,182,000 after purchasing an additional 51,922 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Jacobs Solutions during the first quarter worth $342,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $0.75 during trading on Monday, hitting $144.68. 497,414 shares of the stock were exchanged, compared to its average volume of 806,342. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a fifty day moving average price of $142.07 and a 200-day moving average price of $130.06. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The company has a current ratio of 1.39, a quick 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, beating 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business earned $1.96 EPS. Jacobs Solutions's quarterly 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. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on J. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. KeyCorp boosted their price objective 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. Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, UBS Group boosted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus 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.