Cwm LLC Boosts Position in Jacobs Solutions Inc. $J

Key Points

• Cwm LLC increased its stake in Jacobs Solutions Inc. by 11.4% during the second quarter, owning approximately $23.69 million worth of shares by quarter's end.
• Jacobs Solutions recently saw multiple upgrades from analysts, with Truist Financial raising its target price from $148.00 to $163.00 while maintaining a "hold" rating.
• The company declared a quarterly dividend of $0.32 per share, with an annualized yield of 0.8%, and a current payout ratio of approximately 31.92%.

Cwm LLC lifted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,221 shares of the company's stock after buying an additional 18,500 shares during the quarter. Cwm LLC owned approximately 0.15% of Jacobs Solutions worth $23,690,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of J. OFI Invest Asset Management lifted its stake in Jacobs Solutions by 7.1% in the 2nd quarter. OFI Invest Asset Management now owns 33,723 shares of the company's stock worth $4,433,000 after purchasing an additional 2,226 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Jacobs Solutions in the second quarter worth $1,577,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Jacobs Solutions by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,354 shares of the company's stock worth $2,544,000 after buying an additional 4,279 shares in the last quarter. Lincluden Management Ltd. purchased a new stake in shares of Jacobs Solutions in the second quarter worth $4,864,000. Finally, Cerro Pacific Wealth Advisors LLC boosted its stake in Jacobs Solutions by 32.3% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 2,877 shares of the company's stock valued at $378,000 after buying an additional 703 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on J shares. Truist Financial upped their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Citigroup lifted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. KeyCorp boosted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, UBS Group raised their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.71.

Jacobs Solutions Stock Down 2.8%

Shares of J opened at $151.02 on Monday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $157.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50 day simple moving average of $148.29 and a two-hundred day simple moving average of $134.54. The firm has a market cap of $18.05 billion, a P/E ratio of 37.66, a P/E/G ratio of 1.78 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.96 EPS. The business'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. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm 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. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.