Banco Bilbao Vizcaya Argentaria S.A. Purchases 2,363 Shares of Jacobs Solutions Inc. $J

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Jacobs Solutions Inc. by 43.9%, holding a total of $935,000 worth of shares after purchasing an additional 2,363 shares in the first quarter.
• Major brokerages have raised their price targets for Jacobs Solutions, with UBS Group increasing their target from $152.00 to $166.00 and maintaining a "buy" rating.
• Jacobs Solutions recently announced a quarterly dividend of $0.32 per share, reflecting an annualized dividend of $1.28 with a yield of 0.9%.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 43.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,746 shares of the company's stock after buying an additional 2,363 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Jacobs Solutions were worth $935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in Jacobs Solutions by 6.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,303 shares of the company's stock valued at $641,000 after buying an additional 321 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Jacobs Solutions by 4.0% in the 1st quarter. Hsbc Holdings PLC now owns 215,011 shares of the company's stock worth $25,964,000 after buying an additional 8,202 shares during the last quarter. Colonial Trust Advisors purchased a new position in shares of Jacobs Solutions in the 1st quarter worth about $51,000. Bank OZK boosted its holdings in shares of Jacobs Solutions by 11.7% in the 1st quarter. Bank OZK now owns 16,693 shares of the company's stock worth $2,018,000 after buying an additional 1,751 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Jacobs Solutions in the 1st quarter worth about $798,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports 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 note on Wednesday, August 6th. Truist Financial raised their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp raised their price target 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. Finally, Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Performance

J traded down $1.19 on Thursday, hitting $147.17. The company's stock had a trading volume of 97,985 shares, compared to its average volume of 813,069. The company's 50 day simple moving average is $139.72 and its 200-day simple moving average is $129.36. The firm has a market cap of $17.59 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.01 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 company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

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, topping 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%. Jacobs Solutions's revenue for the quarter was down 28.4% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

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