Gotham Asset Management LLC Increases Holdings in Jacobs Solutions Inc. $J

Key Points

• Gotham Asset Management LLC increased its holdings in Jacobs Solutions Inc. by 30.5% in the first quarter, owning 0.15% of the company worth $21.39 million.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, surpassing analysts' expectations of $1.56, despite year-over-year revenue decreasing by 28.4%.
• The company announced a quarterly dividend of $0.32 per share, equating to an annualized dividend of $1.28 and a yield of 0.9%.

Gotham Asset Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 30.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,970 shares of the company's stock after purchasing an additional 41,326 shares during the quarter. Gotham Asset Management LLC owned about 0.15% of Jacobs Solutions worth $21,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of J. Colonial Trust Co SC raised its position in Jacobs Solutions by 10,250.0% in the 4th 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 purchased a new position in shares of Jacobs Solutions in the 1st quarter valued at approximately $33,000. Whipplewood Advisors LLC boosted its stake in shares of 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 buying an additional 354 shares in the last quarter. Colonial Trust Advisors purchased a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC raised its holdings in Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 164 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on J shares. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. UBS Group upped their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup upped their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note 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, KeyCorp increased their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $0.94 during mid-day trading on Tuesday, reaching $143.83. 846,218 shares of the company's stock were exchanged, compared to its average volume of 806,591. The business's fifty day simple moving average is $142.33 and its 200 day simple moving average is $130.17. The firm has a market capitalization of $17.19 billion, a PE ratio of 35.87, a P/E/G ratio of 1.97 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 quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business's revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be paid a $0.32 dividend. 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 payout ratio is presently 31.92%.

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.