Jacobs Solutions Inc. $J Shares Bought by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC increased its stake in Jacobs Solutions Inc. by 4.4%, holding 41,924 shares valued at approximately $5.07 million.
• Jacobs Solutions reported earnings of $1.62 per share for the latest quarter, exceeding analyst expectations, despite a 28.4% decline in year-over-year revenue.
• The company has an average rating of "Moderate Buy" from Wall Street analysts, with target prices ranging between $155.00 and $166.00 per share.

American Trust Investment Advisors LLC boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,924 shares of the company's stock after buying an additional 1,765 shares during the period. Jacobs Solutions makes up approximately 2.1% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 16th largest holding. American Trust Investment Advisors LLC's holdings in Jacobs Solutions were worth $5,068,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. grew its holdings in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after buying an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC grew its holdings in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after buying an additional 87 shares in the last quarter. Tlwm grew its holdings in Jacobs Solutions by 1.7% in the 1st quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after buying an additional 105 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after buying an additional 108 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on J. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. KeyCorp lifted their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. UBS Group boosted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Citigroup raised their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Truist Financial raised their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Price Performance

J traded up $1.65 during trading on Friday, reaching $145.39. 655,722 shares of the stock were exchanged, compared to its average volume of 584,526. The business's 50 day moving average price is $142.07 and its two-hundred day moving average price is $130.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 1.97 and a beta of 0.79. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its 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. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions's quarterly revenue was down 28.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

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.