Compagnie Lombard Odier SCmA Purchases 49,328 Shares of Jacobs Solutions Inc. $J

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Jacobs Solutions Inc. by 62.5%, acquiring an additional 49,328 shares, bringing its total to 128,239 shares valued at approximately $16.86 million.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, with a yield of 0.8%, and a dividend payout ratio of 31.92%.
• The company's stock has received upgrades from analysts, with Citigroup and UBS raising their price targets to $166.00, indicating a strong market outlook.

Compagnie Lombard Odier SCmA raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 62.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,239 shares of the company's stock after acquiring an additional 49,328 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.11% of Jacobs Solutions worth $16,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in J. Woodline Partners LP bought a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $997,000. Waverly Advisors LLC boosted its holdings in shares of Jacobs Solutions by 13.9% during the fourth quarter. Waverly Advisors LLC now owns 2,027 shares of the company's stock worth $271,000 after acquiring an additional 248 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Jacobs Solutions by 4.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 65,383 shares of the company's stock worth $8,736,000 after acquiring an additional 2,794 shares during the period. Toronto Dominion Bank boosted its stake in shares of Jacobs Solutions by 6.0% in the fourth quarter. Toronto Dominion Bank now owns 66,478 shares of the company's stock valued at $8,883,000 after buying an additional 3,757 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Jacobs Solutions by 44.0% in the fourth quarter. Mackenzie Financial Corp now owns 150,724 shares of the company's stock valued at $20,140,000 after buying an additional 46,037 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 1.1%

Shares of NYSE:J opened at $150.76 on Tuesday. The company has a fifty day moving average of $145.07 and a 200-day moving average of $131.68. The company has a market capitalization of $18.02 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. 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 52-week low of $106.23 and a 52-week high of $152.40.

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

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders 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 yield of 0.8%. Jacobs Solutions's dividend payout ratio is 31.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on J shares. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" 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 stock currently has an average 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.

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