Dimensional Fund Advisors LP Reduces Position in Jacobs Solutions Inc. $J

Key Points

• Dimensional Fund Advisors LP reduced its stake in Jacobs Solutions Inc. by 0.4%, holding 1,222,294 shares worth approximately $147.77 million as of the end of the first quarter.
• Several analysts have upgraded their price targets for Jacobs Solutions, with Citigroup and UBS Group setting targets at $166.00 and providing a "buy" rating.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, exceeding estimates, despite a 28.4% decline in revenue compared to the previous year.

Dimensional Fund Advisors LP decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,222,294 shares of the company's stock after selling 4,748 shares during the quarter. Dimensional Fund Advisors LP owned about 1.00% of Jacobs Solutions worth $147,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Colonial Trust Co SC increased its position 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 acquiring an additional 205 shares during the period. Rossby Financial LCC purchased a new stake in Jacobs Solutions during the 1st quarter valued at about $33,000. Optiver Holding B.V. increased its holdings in shares of Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the period. Whipplewood Advisors LLC raised its stake in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

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

Jacobs Solutions Price Performance

NYSE:J opened at $146.5550 on Thursday. 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 company has a 50 day moving average price of $137.71 and a 200-day moving average price of $128.90. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm's quarterly revenue was down 28.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. 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 31.92%.

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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