Jacobs Levy Equity Management Inc. Buys 8,668 Shares of Jacobs Solutions Inc. $J

Jacobs Levy Equity Management Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,366 shares of the company's stock after acquiring an additional 8,668 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.08% of Jacobs Solutions worth $10,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC lifted its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Jacobs Solutions during the first quarter valued at $33,000. Whipplewood Advisors LLC lifted its holdings in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after acquiring an additional 354 shares during the period. Colonial Trust Advisors bought a new position in Jacobs Solutions in the first quarter valued at about $51,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in Jacobs Solutions by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after acquiring an additional 164 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on J shares. KeyCorp lifted 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. Citigroup lifted their price objective on 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 Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, UBS Group lifted 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J traded down $2.02 on Friday, hitting $146.72. 736,236 shares of the company's stock traded hands, compared to its average volume of 601,707. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The company's 50 day simple moving average is $143.41 and its 200-day simple moving average is $130.67. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 2.02 and a beta of 0.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The company'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 EPS for the current year.

Jacobs Solutions Dividend Announcement

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.