Corient IA LLC Acquires New Stake in Jacobs Solutions Inc. $J

Key Points

• Corient IA LLC acquired a stake of 2,500 shares in Jacobs Solutions Inc. valued at approximately $302,000, marking a significant investment in the company.
• Wall Street analysts have increased their target prices for Jacobs Solutions, with UBS Group raising theirs from $152.00 to $166.00, indicating a strong buy sentiment.
• In their most recent earnings report, Jacobs Solutions posted $1.62 earnings per share, surpassing analysts' expectations and reflecting a net margin of 4.16%, despite a year-over-year revenue decline.

Corient IA LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,500 shares of the company's stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its holdings in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Deutsche Bank AG boosted its holdings in Jacobs Solutions by 148.2% in the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after purchasing an additional 396,759 shares in the last quarter. Nuveen LLC acquired a new position in Jacobs Solutions in the first quarter valued at approximately $43,251,000. Finally, Vontobel Holding Ltd. boosted its holdings in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after purchasing an additional 295,957 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on J. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. KeyCorp upped their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Citigroup upped their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

NYSE:J traded up $1.41 during trading hours on Friday, hitting $148.41. The company's stock had a trading volume of 505,755 shares, compared to its average volume of 814,514. The business's 50-day moving average is $138.10 and its two-hundred day moving average is $128.96. The company has a market capitalization of $17.74 billion, a PE ratio of 37.01, a PEG ratio of 1.99 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 announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the business posted $1.96 earnings per share. The business'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, research analysts anticipate 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 will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

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.