BNP Paribas Financial Markets Raises Stake in Jacobs Solutions Inc. $J

Key Points

• BNP Paribas Financial Markets increased its holdings in Jacobs Solutions Inc. by 4.0%, owning approximately 0.20% of the company, valued at $28.5 million.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, indicating a 0.9% yield, with the dividend payment scheduled for September 19th.
• Wall Street analysts have a Moderate Buy rating for Jacobs Solutions, with target prices ranging from $141.00 to $166.00.

BNP Paribas Financial Markets increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,844 shares of the company's stock after purchasing an additional 9,056 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of Jacobs Solutions worth $28,511,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC boosted its holdings in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Rossby Financial LCC acquired a new position in Jacobs Solutions during the first quarter worth $33,000. Whipplewood Advisors LLC boosted its holdings in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares during the last quarter. Colonial Trust Advisors acquired a new position in Jacobs Solutions during the first quarter worth $51,000. Finally, Catalyst Capital Advisors LLC raised its position in Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.3%

Shares of J stock traded up $0.40 during trading hours on Thursday, hitting $143.77. 750,459 shares of the company were exchanged, compared to its average volume of 809,079. The firm has a market cap of $17.19 billion, a P/E ratio of 35.85, a P/E/G ratio of 1.99 and a beta of 0.79. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week 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. The company has a 50 day simple moving average of $141.48 and a two-hundred day simple moving average of $129.85.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. Jacobs Solutions's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued 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 of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is currently 31.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on J shares. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Truist Financial upped their price target 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. 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 research report on Monday, July 28th. Finally, UBS Group upped their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.