Baader Bank Aktiengesellschaft Makes New Investment in Jacobs Solutions Inc. $J

Key Points

• Baader Bank Aktiengesellschaft made a new investment in Jacobs Solutions Inc., purchasing 3,227 shares valued at approximately $424,000 during the 2nd quarter.
• Jacobs Solutions reported earnings per share of $1.62 for the last quarter, surpassing analysts' expectations, but noted a 28.4% decline in quarterly revenue year-over-year.
• The firm announced a quarterly dividend of $0.32 per share, representing an annualized dividend of $1.28 with a yield of 0.9%.

Baader Bank Aktiengesellschaft bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,227 shares of the company's stock, valued at approximately $424,000.

A number of other hedge funds have also recently made changes to their positions in J. Nuveen LLC purchased a new stake in shares of Jacobs Solutions during the 1st quarter worth $43,251,000. Vontobel Holding Ltd. lifted its stake in shares of Jacobs Solutions by 639.3% during 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Jacobs Solutions by 22,889.3% during 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 last quarter. SG Americas Securities LLC lifted its stake in shares of Jacobs Solutions by 1,098.2% during the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company's stock worth $27,420,000 after purchasing an additional 207,886 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock valued at $263,171,000 after buying an additional 188,852 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.4%

NYSE:J opened at $149.05 on Friday. The stock has a 50-day simple moving average of $144.77 and a 200-day simple moving average of $131.39. The stock has a market cap of $17.82 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.03 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. 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 posted its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion during 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%.The business's quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. KeyCorp upped 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. Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Company 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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