Invesco Ltd. Has $259.56 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Invesco Ltd. increased its stake in Jacobs Solutions Inc. by 5.3%, owning a total of 2,147,078 shares valued at approximately $259.56 million after acquiring an additional 108,366 shares in the first quarter.
• Jacobs Solutions recently reported earnings per share (EPS) of $1.62 for the quarter, exceeding analysts' estimates, despite a revenue decline of 28.4% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, with a dividend yield of 0.9%, set to be paid on September 19th.

Invesco Ltd. lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,147,078 shares of the company's stock after purchasing an additional 108,366 shares during the period. Invesco Ltd. owned 1.75% of Jacobs Solutions worth $259,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in Jacobs Solutions by 7.3% during the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock worth $1,241,000 after buying an additional 628 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Jacobs Solutions during the fourth quarter worth approximately $24,069,000. XTX Topco Ltd grew its position in Jacobs Solutions by 10.9% during the fourth quarter. XTX Topco Ltd now owns 5,579 shares of the company's stock worth $745,000 after buying an additional 550 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Jacobs Solutions during the fourth quarter worth approximately $299,000. Finally, Ontario Teachers Pension Plan Board grew its position in Jacobs Solutions by 9.5% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 11,232 shares of the company's stock worth $1,501,000 after buying an additional 976 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on J. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup lifted 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. Royal Bank Of Canada lifted 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. KeyCorp lifted 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. Finally, UBS Group lifted 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Price Performance

Shares of NYSE J traded down $0.22 during mid-day trading on Friday, hitting $148.11. 626,284 shares of the stock traded hands, compared to its average volume of 726,404. 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 Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. The company has a market cap of $17.71 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. The firm has a 50 day simple moving average of $136.52 and a two-hundred day simple moving average of $128.67.

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 for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $1.96 EPS. Jacobs Solutions's revenue for the quarter was down 28.4% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued 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 yield of 0.9%. Jacobs Solutions's payout ratio is presently 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.