Hsbc Holdings PLC Has $25.96 Million Holdings in Jacobs Solutions Inc. $J

Key Points

• Hsbc Holdings PLC increased its stake in Jacobs Solutions Inc. by 4.0%, owning 215,011 shares after purchasing an additional 8,202 shares, with a total value of approximately $25.96 million.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, translating to an annualized dividend of $1.28 and a dividend yield of 0.9%.
• Recent analyst reports show a positive outlook for Jacobs Solutions, with price targets raised by several firms, including Citi and UBS Group, reflecting a consensus rating of "Moderate Buy" with a target price of $155.25.

Hsbc Holdings PLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,011 shares of the company's stock after acquiring an additional 8,202 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Jacobs Solutions worth $25,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in J. Kovitz Investment Group Partners LLC boosted its holdings in shares of Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after acquiring an additional 1,904,988 shares during the period. Deutsche Bank AG boosted its holdings in shares of Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after acquiring an additional 396,759 shares during the period. Nuveen LLC bought a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $43,251,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after buying an additional 295,957 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

J has been the subject of several recent research reports. KeyCorp boosted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J traded up $0.60 during trading on Wednesday, hitting $148.74. 216,634 shares of the stock traded hands, compared to its average volume of 815,993. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.00 and a beta of 0.79. 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 business has a 50 day moving average price of $139.30 and a 200 day moving average price of $129.23.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS 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 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 business earned $1.96 earnings per share. The company'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. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued 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 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.