Exchange Traded Concepts LLC Increases Stock Position in Jacobs Solutions Inc. $J

Key Points

• Exchange Traded Concepts LLC increased its stake in Jacobs Solutions Inc. by 32.0% in the second quarter, now holding a total of 58,551 shares valued at approximately $7.7 million.
• Several analysts upgraded Jacobs Solutions, raising the company's stock ratings to "buy" and increasing price targets, with an average target of $155.25.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, representing a yield of 0.9% with a payout ratio of 31.92%.

Exchange Traded Concepts LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 32.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,551 shares of the company's stock after acquiring an additional 14,197 shares during the quarter. Exchange Traded Concepts LLC's holdings in Jacobs Solutions were worth $7,697,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Jacobs Solutions during the first quarter valued at $43,251,000. Vontobel Holding Ltd. grew its stake in Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after acquiring an additional 295,957 shares in the last quarter. GAMMA Investing LLC grew its stake in Jacobs Solutions by 22,889.3% during the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock valued at $33,350,000 after acquiring an additional 274,671 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Jacobs Solutions by 1,098.2% in the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company's stock valued at $27,420,000 after buying an additional 207,886 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in Jacobs Solutions by 9.5% during the first quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after purchasing an additional 188,852 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

J has been the subject of a number of recent research reports. Citigroup upped 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. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" 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 report on Saturday, August 30th. Finally, UBS Group lifted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $0.58 during trading hours on Friday, reaching $149.05. The company had a trading volume of 1,635,672 shares, compared to its average volume of 627,699. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The business has a fifty day simple moving average of $144.77 and a 200 day simple moving average of $131.39. 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 firm has a market cap of $17.82 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.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 company posted $1.96 earnings per share. The company's 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. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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