Jacobs Solutions Inc. $J Holdings Raised by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Jacobs Solutions Inc. by 8.5% during the 2nd quarter, acquiring an additional 1,704 shares, bringing its total holdings to 21,711 shares valued at approximately $2.85 million.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding expectations, although its revenue of $3.03 billion missed analyst forecasts by about 28.4% compared to the previous year.
• The company announced a quarterly dividend of $0.32 per share, corresponding to an annualized yield of 0.8% with a payout ratio of approximately 32%.

IFM Investors Pty Ltd boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,711 shares of the company's stock after acquiring an additional 1,704 shares during the quarter. IFM Investors Pty Ltd's holdings in Jacobs Solutions were worth $2,854,000 as of its most recent SEC filing.

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

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $150.76 on Tuesday. The business's fifty day moving average price is $145.07 and its two-hundred day moving average price is $131.68. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating 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 firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior 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, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report 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 report on Monday, July 28th. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a 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.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average price target 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.

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