Jacobs Solutions Inc. $J Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Jacobs Solutions Inc. by 170.8%, acquiring an additional 33,394 shares and bringing their total holdings to 52,943 shares valued at $6.4 million.
• Six research analysts rate Jacobs Solutions as a "Buy," while the company has an average price target of $155.25 after several analysts upgraded their ratings and price targets.
• Jacobs Solutions recently announced a quarterly dividend of $0.32 per share, yielding approximately 0.9%, with the ex-dividend date set for August 22nd.

Intech Investment Management LLC lifted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 170.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 52,943 shares of the company's stock after acquiring an additional 33,394 shares during the quarter. Intech Investment Management LLC's holdings in Jacobs Solutions were worth $6,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC lifted its holdings in Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares in the last quarter. Tlwm grew its position in shares of 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 buying an additional 105 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of 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 buying an additional 108 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after buying an additional 117 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Jacobs Solutions by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock valued at $2,071,000 after buying an additional 134 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.06 on Monday, reaching $146.76. 606,713 shares of the stock were exchanged, compared to its average volume of 803,673. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average price of $143.41 and a two-hundred day moving average price of $130.70. The firm has a market capitalization of $17.54 billion, a PE ratio of 36.60, a PEG ratio of 1.99 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The business's revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

Wall Street Analyst Weigh In

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