Jacobs Solutions Inc. $J Shares Bought by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC increased its holdings in Jacobs Solutions Inc. by 35.3%, now owning 93,498 shares valued at approximately $11.3 million.
• Jacobs Solutions reported $1.62 EPS for its latest quarter, beating estimates by $0.06, despite experiencing a 28.4% year-over-year revenue decline.
• The company recently announced a quarterly dividend of $0.32 per share, which represents a 0.9% dividend yield, with a payout ratio of 31.92%.

Evergreen Capital Management LLC lifted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 35.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 93,498 shares of the company's stock after acquiring an additional 24,375 shares during the quarter. Evergreen Capital Management LLC owned 0.08% of Jacobs Solutions worth $11,303,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC increased its stake in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares during the period. Rossby Financial LCC purchased a new stake in Jacobs Solutions during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC increased its stake in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares during the period. Colonial Trust Advisors purchased a new stake in Jacobs Solutions during the 1st quarter worth approximately $51,000. Finally, Catalyst Capital Advisors LLC increased its stake in Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after buying an additional 164 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

J has been the topic of several recent research reports. KeyCorp upped their target price 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. Citigroup increased their price objective 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. UBS Group increased 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. Truist Financial increased their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Down 0.6%

J traded down $0.94 during trading on Tuesday, hitting $145.29. The company had a trading volume of 490,688 shares, compared to its average volume of 811,187. The company has a market cap of $17.37 billion, a PE ratio of 36.23, a P/E/G ratio of 1.99 and a beta of 0.79. The business has a 50-day moving average of $140.86 and a 200-day moving average of $129.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share 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 firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The firm's revenue for the quarter 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. As a group, analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio is currently 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.