Greenwood Capital Associates LLC Has $3.93 Million Position in Jacobs Solutions Inc. $J

Key Points

• Greenwood Capital Associates LLC reduced its stake in Jacobs Solutions Inc. by 20.2% during the second quarter, holding 29,858 shares valued at approximately $3.93 million.
• Analysts have recently increased their price targets for Jacobs Solutions, with Citigroup and UBS Group both raising their targets to $166.00 and issuing a "buy" rating for the stock.
• The company also declared a quarterly dividend of $0.32 per share, representing an annualized yield of 0.8% and a dividend payout ratio of 31.92%.

Greenwood Capital Associates LLC lowered its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,858 shares of the company's stock after selling 7,579 shares during the period. Greenwood Capital Associates LLC's holdings in Jacobs Solutions were worth $3,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fulton Bank N.A. boosted its holdings in Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after purchasing an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Jacobs Solutions by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock valued at $136,000 after purchasing an additional 78 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after purchasing an additional 87 shares during the period. Tlwm boosted its holdings in Jacobs Solutions by 1.7% in the 1st quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after purchasing an additional 105 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on J shares. Citigroup boosted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. UBS Group upped their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Price Performance

J stock opened at $154.17 on Friday. The company has a 50 day simple moving average of $146.75 and a 200 day simple moving average of $133.06. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 1.80 and a beta of 0.81. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $154.36. 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 (NYSE:J - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.03 billion during the quarter, compared to analysts' expectations 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 company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. 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.

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