Blair William & Co. IL Has $6.77 Million Stake in Jacobs Solutions Inc. $J

Blair William & Co. IL decreased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,531 shares of the company's stock after selling 1,964 shares during the quarter. Blair William & Co. IL's holdings in Jacobs Solutions were worth $6,774,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Rossby Financial LCC bought a new position in Jacobs Solutions during the 1st quarter worth $33,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $44,000. Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $51,000. Ransom Advisory Ltd acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $53,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on J. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Truist Financial boosted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Citigroup upped their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $157.71.

Jacobs Solutions Trading Down 2.8%

NYSE:J opened at $151.02 on Friday. The company's 50 day moving average price is $148.29 and its 200-day moving average price is $134.46. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $157.89. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.78 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) 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.

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