FORA Capital LLC Invests $1.99 Million in Jacobs Solutions Inc. $J

Key Points

• FORA Capital LLC has invested approximately $1.99 million in Jacobs Solutions Inc., acquiring 16,425 shares in the first quarter.
• Jacobs Solutions reported a net margin of 4.16% and earnings per share (EPS) of $1.62, exceeding analyst expectations, despite a year-over-year revenue decline of 28.4%.
• Analysts have issued a consensus rating of "Moderate Buy" for Jacobs Solutions, with target prices ranging from $141.00 to $166.00.

FORA Capital LLC purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,425 shares of the company's stock, valued at approximately $1,986,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC lifted its holdings 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 last quarter. Rossby Financial LCC bought a new position in Jacobs Solutions during the first quarter worth $33,000. Whipplewood Advisors LLC boosted its holdings in 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 period. Optiver Holding B.V. boosted its holdings in Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after purchasing an additional 190 shares during the period. Finally, Colonial Trust Advisors bought a new stake in Jacobs Solutions during the first quarter valued at $51,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

NYSE J opened at $148.25 on Wednesday. The company has a 50-day moving average price of $139.30 and a two-hundred day moving average price of $129.23. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $152.40. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business's 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. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a $0.32 dividend. The ex-dividend date of this dividend 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 presently 31.92%.

Wall Street Analysts Forecast Growth

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

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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