Clifford Swan Investment Counsel LLC Decreases Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• Clifford Swan Investment Counsel LLC reduced its stake in Jacobs Solutions Inc. by 2.9%, selling 1,622 shares to hold 54,510 shares worth approximately $7.17 million.
• Other institutional investors have also adjusted their holdings, with Ninety One UK Ltd increasing their stake by 17.1% to now own over 2.54 million shares valued at about $335 million.
• Several brokerages have upgraded their target prices for Jacobs Solutions, with Citigroup raising its price target from $169 to $185 and maintaining a "buy" rating.

Clifford Swan Investment Counsel LLC cut its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,510 shares of the company's stock after selling 1,622 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Jacobs Solutions were worth $7,165,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 17.1% during the second 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 last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company's stock valued at $326,181,000 after buying an additional 32,043 shares in the last quarter. Invesco Ltd. raised its stake 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 worth $259,560,000 after buying an additional 108,366 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Jacobs Solutions by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock valued at $94,635,000 after acquiring an additional 4,931 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Jacobs Solutions by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock valued at $91,687,000 after acquiring an additional 3,250 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on J. KeyCorp upped their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an "overweight" rating in a report on Monday. Barclays upped their target price on Jacobs Solutions from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday. Truist Financial boosted their price target on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Citigroup increased their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the company a "buy" rating in a research note on Monday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.00.

Jacobs Solutions Stock Down 4.2%

NYSE J opened at $157.54 on Thursday. The business has a 50 day moving average price of $150.11 and a two-hundred day moving average price of $136.47. 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 $18.83 billion, a PE ratio of 39.29, a P/E/G ratio of 1.94 and a beta of 0.81. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $166.22.

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

Jacobs Solutions Dividend Announcement

The business 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 (DPR) is presently 31.92%.

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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