Canada Pension Plan Investment Board Acquires 61,526 Shares of Jacobs Solutions Inc. $J

Key Points

• The Canada Pension Plan Investment Board increased its stake in Jacobs Solutions Inc. by 68.7%, now owning 151,023 shares valued at approximately $18.26 million.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding analyst estimates, but revenue was down by 28.4% year-over-year.
• The company recently announced a quarterly dividend of $0.32 per share, representing an annual yield of 0.9% with a payout ratio of 31.92%.

Canada Pension Plan Investment Board grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 68.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,023 shares of the company's stock after buying an additional 61,526 shares during the period. Canada Pension Plan Investment Board owned 0.13% of Jacobs Solutions worth $18,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in J. Benjamin Edwards Inc. increased its position in shares of Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after purchasing an additional 87 shares in the last quarter. Tlwm grew its stake in Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after purchasing an additional 105 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Jacobs Solutions by 2.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after purchasing an additional 108 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in Jacobs Solutions by 1.5% in the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J traded up $0.40 during trading hours on Thursday, reaching $143.77. 750,459 shares of the company traded hands, compared to its average volume of 576,329. The stock has a market capitalization of $17.19 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The stock has a fifty day simple moving average of $141.48 and a 200 day simple moving average of $129.85. 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 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 earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion for 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%. The firm's quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Citigroup lifted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Truist Financial lifted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

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.