Comerica Bank Increases Position in Jacobs Solutions Inc. $J

Key Points

• Comerica Bank increased its holdings in Jacobs Solutions Inc. by 20.4%, acquiring an additional 7,529 shares, which brings their total to 44,387 shares valued at approximately $5.37 million.
• Multiple institutional investors have also increased their stakes in Jacobs Solutions, with 85.65% of the company's stock currently owned by institutional investors.
• Analysts have upgraded their ratings and price targets for Jacobs Solutions, with estimates suggesting a price target range between $141.00 and $166.00 and a consensus rating of "Moderate Buy."

Comerica Bank lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,387 shares of the company's stock after acquiring an additional 7,529 shares during the quarter. Comerica Bank's holdings in Jacobs Solutions were worth $5,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of J. Colonial Trust Co SC increased its position in shares of 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 acquiring an additional 205 shares during the period. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the first quarter worth $33,000. Whipplewood Advisors LLC increased its position in shares of 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 acquiring an additional 354 shares during the period. Colonial Trust Advisors purchased a new stake in shares of Jacobs Solutions during the first quarter worth $51,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE J traded down $0.84 during trading hours on Tuesday, hitting $145.39. The company had a trading volume of 183,871 shares, compared to its average volume of 809,281. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The company has a market cap of $17.38 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. The business has a 50 day moving average of $140.86 and a 200-day moving average of $129.65.

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

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.32 dividend. 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 is presently 31.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on J shares. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, UBS Group boosted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.