Harfst & Associates Inc. Acquires Shares of 5,359 Jacobs Solutions Inc. $J

Key Points

• Harfst & Associates Inc. has invested $648,000 in Jacobs Solutions Inc. by acquiring 5,359 shares, as reported in their 13F filing with the SEC.
• The stock opened at $152.22 with a market cap of $18.20 billion and a notable debt-to-equity ratio of 0.65.
• Jacobs Solutions recently announced a quarterly dividend of $0.32 per share, which will be paid on September 19th, representing a 0.8% dividend yield.

Harfst & Associates Inc. purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,359 shares of the company's stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. lifted its stake in Jacobs Solutions by 7.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,121 shares of the company's stock worth $498,000 after acquiring an additional 285 shares during the period. GKV Capital Management Co. Inc. purchased a new position in Jacobs Solutions during the first quarter valued at $147,000. Resona Asset Management Co. Ltd. lifted its position in Jacobs Solutions by 4.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 37,571 shares of the company's stock valued at $4,544,000 after buying an additional 1,514 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its position in Jacobs Solutions by 363.0% during the first quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,500 shares of the company's stock valued at $302,000 after buying an additional 1,960 shares during the period. Finally, Tlwm lifted its position in Jacobs Solutions by 1.7% during the first quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

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

Jacobs Solutions Price Performance

Shares of J traded up $0.33 during mid-day trading on Tuesday, hitting $147.12. 151,953 shares of the stock were exchanged, compared to its average volume of 819,238. The company has a market cap of $17.59 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. The firm has a 50-day moving average of $136.91 and a two-hundred day moving average of $128.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

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. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company's revenue for the quarter was down 28.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business 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 of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's 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.