Cubist Systematic Strategies LLC Takes $4.84 Million Position in Jacobs Solutions Inc. $J

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in Jacobs Solutions Inc., investing approximately $4.84 million for 40,001 shares in the 1st quarter.
• Jacobs Solutions reported $1.62 EPS for the last quarter, exceeding estimates, but saw a 28.4% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.32 per share, which will be paid to shareholders on September 19th, reflecting a dividend yield of 0.9%.

Cubist Systematic Strategies LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 40,001 shares of the company's stock, valued at approximately $4,836,000.

Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC grew its stake in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares during the period. Rossby Financial LCC acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $33,000. Whipplewood Advisors LLC grew its stake in shares of Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares during the period. Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $51,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after buying an additional 164 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $143.31 on Thursday. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $152.40. The business has a 50 day moving average price of $141.48 and a 200-day moving average price of $129.85. 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 company has a market cap of $17.13 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its 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. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the firm earned $1.96 EPS. The company's quarterly revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

Analysts Set New Price Targets

Several analysts have recently commented on J shares. Truist Financial raised their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup raised their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. UBS Group lifted 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. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, KeyCorp increased their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Jacobs Solutions 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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