AlphaQuest LLC Raises Stake in Jacobs Solutions Inc. $J

Key Points

• AlphaQuest LLC significantly increased its stock position in Jacobs Solutions Inc. by 966.6% in the first quarter, owning 14,837 shares valued at approximately $1.79 million.
• Jacobs Solutions has received positive attention from analysts, with multiple firms increasing their price targets, most notably Citigroup raising it from $147.47 to $166.00 and giving it a "buy" rating.
• The company recently announced a quarterly dividend of $0.32 per share, reflecting an annual dividend yield of 0.9% and a payout ratio of approximately 31.92%.

AlphaQuest LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 966.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,837 shares of the company's stock after acquiring an additional 13,446 shares during the period. AlphaQuest LLC's holdings in Jacobs Solutions were worth $1,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth about $221,000. NewEdge Advisors LLC raised its position in Jacobs Solutions by 55.3% during the fourth quarter. NewEdge Advisors LLC now owns 7,775 shares of the company's stock valued at $1,039,000 after acquiring an additional 2,769 shares in the last quarter. Marshall Wace LLP lifted its holdings in Jacobs Solutions by 82.7% in the fourth quarter. Marshall Wace LLP now owns 10,373 shares of the company's stock valued at $1,386,000 after acquiring an additional 4,695 shares during the period. MetLife Investment Management LLC lifted its holdings in Jacobs Solutions by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 32,864 shares of the company's stock valued at $4,391,000 after acquiring an additional 318 shares during the period. Finally, MML Investors Services LLC boosted its position in Jacobs Solutions by 10.2% in the 4th quarter. MML Investors Services LLC now owns 15,427 shares of the company's stock worth $2,061,000 after purchasing an additional 1,422 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $0.28 during midday trading on Wednesday, hitting $148.42. The company's stock had a trading volume of 454,658 shares, compared to its average volume of 816,608. The company has a market cap of $17.74 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $152.40. The business's 50 day simple moving average is $139.30 and its 200 day simple moving average is $129.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm 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. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price 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. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. KeyCorp increased their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup lifted their price target on 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 increased their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus 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.