Caisse DE Depot ET Placement DU Quebec Trims Stake in Jacobs Solutions Inc. $J

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Jacobs Solutions Inc. by 15.7%, selling 158,273 shares and now holding 849,339 shares worth $102,677,000.
• Jacobs Solutions reported $1.62 EPS for the quarter, slightly exceeding the consensus estimate and setting its FY 2025 EPS guidance at 6.000-6.100.
• The firm announced a quarterly dividend of $0.32 per share, payable on September 19th, reflecting a 0.9% dividend yield.

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 15.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 849,339 shares of the company's stock after selling 158,273 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.71% of Jacobs Solutions worth $102,677,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ninety One UK Ltd raised its holdings in shares of 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. Invesco Ltd. raised its holdings in shares of Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock valued at $259,560,000 after buying an additional 108,366 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after buying an additional 1,904,988 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Jacobs Solutions by 4.1% during the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after buying an additional 70,470 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Jacobs Solutions by 6.2% during the 4th quarter. Northern Trust Corp now owns 1,128,088 shares of the company's stock valued at $150,735,000 after buying an additional 65,980 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

J has been the topic of a number of research reports. Citigroup raised their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Truist Financial lifted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Six equities research 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, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Trading Down 1.0%

Shares of NYSE:J traded down $1.42 during trading on Thursday, hitting $146.94. The company had a trading volume of 426,091 shares, compared to its average volume of 768,338. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. 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 stock has a market cap of $17.56 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. The company has a fifty day simple moving average of $140.12 and a two-hundred day simple moving average of $129.44.

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

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

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.