CSM Advisors LLC Sells 20,690 Shares of Jacobs Solutions Inc. $J

Key Points

• CSM Advisors LLC has reduced its stake in Jacobs Solutions Inc. by 24.5%, now holding approximately $7.69 million worth of stock.
• Analysts have raised their price targets for Jacobs Solutions, with a current consensus target of $155.25 and numerous "Buy" ratings from various firms.
• The company recently announced a quarterly dividend of $0.32 per share, representing an annualized yield of 0.9%.

CSM Advisors LLC lowered its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,612 shares of the company's stock after selling 20,690 shares during the quarter. CSM Advisors LLC owned about 0.05% of Jacobs Solutions worth $7,691,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Comerica Bank boosted its position in Jacobs Solutions by 20.4% in the 1st quarter. Comerica Bank now owns 44,387 shares of the company's stock valued at $5,366,000 after buying an additional 7,529 shares during the last quarter. Jump Financial LLC increased its position in Jacobs Solutions by 84.8% in the first quarter. Jump Financial LLC now owns 3,051 shares of the company's stock worth $369,000 after purchasing an additional 1,400 shares during the period. SVB Wealth LLC bought a new stake in Jacobs Solutions during the 1st quarter worth about $128,000. AlphaQuest LLC raised its holdings in Jacobs Solutions by 966.6% during the 1st quarter. AlphaQuest LLC now owns 14,837 shares of the company's stock worth $1,794,000 after purchasing an additional 13,446 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Jacobs Solutions by 17.0% during the 1st quarter. Norinchukin Bank The now owns 7,385 shares of the company's stock valued at $893,000 after purchasing an additional 1,075 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

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

Jacobs Solutions Stock Down 1.0%

Jacobs Solutions stock traded down $1.42 during midday trading on Thursday, reaching $146.94. The stock had a trading volume of 426,091 shares, compared to its average volume of 768,338. The firm's fifty day simple moving average is $139.72 and its 200-day simple moving average is $129.36. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The stock has a market capitalization of $17.56 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 2.01 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 (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping 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 firm 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 EPS. The business's revenue 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, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 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.