Aigen Investment Management LP Invests $245,000 in Jacobs Solutions Inc. $J

Key Points

• Aigen Investment Management LP purchased 2,023 shares of Jacobs Solutions, valued at approximately $245,000, indicating growing institutional interest in the company.
• Jacobs Solutions has reported a net margin of 4.16% with earnings per share of $1.62 for the last quarter, surpassing analysts' expectations.
• The company recently announced a quarterly dividend of $0.32 per share, with a payout ratio of 31.92%, reflecting its ongoing commitment to returning value to shareholders.

Aigen Investment Management LP bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,023 shares of the company's stock, valued at approximately $245,000.

Several other large investors also recently modified their holdings of the business. Benjamin Edwards Inc. grew its stake in shares of Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC grew its position in shares of Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Jacobs Solutions by 2.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after buying an additional 108 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Jacobs Solutions by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after buying an additional 117 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Jacobs Solutions by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock worth $2,071,000 after buying an additional 134 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J traded up $0.5460 during midday trading on Tuesday, hitting $147.3360. 124,133 shares of the stock traded hands, compared to its average volume of 819,068. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The firm has a market capitalization of $17.61 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The business's 50 day moving average price is $136.91 and its two-hundred day moving average price is $128.64.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during 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 company's revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal 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 dividend of $0.32 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is currently 31.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price 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.