Ieq Capital LLC Decreases Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• Ieq Capital LLC reduced its holdings in Jacobs Solutions Inc. by 28.6%, now owning 14,960 shares valued at approximately $1.81 million after selling 5,995 shares.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, exceeding analysts' estimates by $0.06, despite a year-over-year revenue decline of 28.4%.
• The company has set its FY 2025 EPS guidance between 6.000 and 6.100, with current research analysts predicting an EPS of 6.05 for the fiscal year.

Ieq Capital LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,960 shares of the company's stock after selling 5,995 shares during the quarter. Ieq Capital LLC's holdings in Jacobs Solutions were worth $1,809,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock valued at $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after acquiring an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. increased its holdings in Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after acquiring an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after acquiring an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in Jacobs Solutions in the 1st quarter worth about $1,986,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

NYSE:J traded up $0.40 during mid-day trading on Thursday, reaching $143.77. The stock had a trading volume of 750,459 shares, compared to its average volume of 809,079. The firm has a 50 day moving average price of $141.48 and a two-hundred day moving average price of $129.85. The stock has a market capitalization of $17.19 billion, a P/E ratio of 35.85, a P/E/G ratio of 1.99 and a beta of 0.79. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. 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 released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions's quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on J shares. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Truist Financial raised their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Citigroup raised their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada raised their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, UBS Group raised 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Company 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.