Cullen Frost Bankers Inc. Boosts Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• Cullen Frost Bankers Inc. increased its stake in Jacobs Solutions Inc. by 4.7%, owning 92,371 shares valued at approximately $12.1 million as of its latest SEC filing.
• Jacobs Solutions' stock price declined by 4.2% recently, with analysts providing mixed ratings ranging from "Buy" to "Hold" and an average target price of $162.00.
• The company reported earnings per share (EPS) of $1.62 for the last quarter, surpassing analyst estimates, despite a 28.4% year-over-year drop in revenue.

Cullen Frost Bankers Inc. lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,371 shares of the company's stock after acquiring an additional 4,165 shares during the quarter. Cullen Frost Bankers Inc. owned 0.08% of Jacobs Solutions worth $12,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of J. GAMMA Investing LLC increased its position in shares of Jacobs Solutions by 90.2% in the 1st quarter. GAMMA Investing LLC now owns 2,282 shares of the company's stock valued at $276,000 after purchasing an additional 1,082 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Jacobs Solutions during the 1st quarter worth $433,000. Oppenheimer Asset Management Inc. grew its position in Jacobs Solutions by 10.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 48,433 shares of the company's stock worth $5,855,000 after purchasing an additional 4,657 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Jacobs Solutions by 2.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 73,028 shares of the company's stock worth $8,828,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Jacobs Solutions in the 1st quarter worth $1,846,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 4.2%

Shares of NYSE J opened at $157.54 on Thursday. 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 firm has a 50-day moving average price of $150.11 and a 200 day moving average price of $136.47. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $166.22. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The company's quarterly 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. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Wall Street Analyst Weigh In

J has been the subject of several recent analyst reports. Barclays raised their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group raised 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. Wall Street Zen cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. KeyCorp raised their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Citigroup raised their price objective on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a "buy" rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $162.00.

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.

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