Callan Family Office LLC Purchases 1,662 Shares of Jacobs Solutions Inc. $J

Key Points

• Callan Family Office LLC increased its stake in Jacobs Solutions Inc. by 87.7%, purchasing an additional 1,662 shares, bringing their total holdings to 3,558 shares valued at approximately $468,000.
• Jacobs Solutions reported earnings per share of $1.62 for the last quarter, surpassing expectations, although revenue fell by 28.4% compared to the previous year, totaling $3.03 billion.
• The company recently declared a quarterly dividend of $0.32 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 31.92%.

Callan Family Office LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 87.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,558 shares of the company's stock after purchasing an additional 1,662 shares during the quarter. Callan Family Office LLC's holdings in Jacobs Solutions were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in J. Ninety One UK Ltd boosted its stake in Jacobs Solutions by 17.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock worth $335,095,000 after purchasing an additional 372,275 shares during the period. Nuveen LLC bought a new position in Jacobs Solutions in the 1st quarter worth approximately $43,251,000. Vontobel Holding Ltd. boosted its stake in Jacobs Solutions by 639.3% in 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 period. Teacher Retirement System of Texas boosted its stake in Jacobs Solutions by 203.3% in the 1st quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company's stock worth $27,505,000 after purchasing an additional 152,494 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in Jacobs Solutions in the 1st quarter worth approximately $17,570,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

J opened at $158.00 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $158.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The business's fifty day simple moving average is $148.82 and its 200-day simple moving average is $134.93. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 1.81 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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 business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The business's 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. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's dividend payout ratio is presently 31.92%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group upped their price target on 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 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, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp raised their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.71.

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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