Federation des caisses Desjardins du Quebec Buys 51,922 Shares of Jacobs Solutions Inc. $J

Key Points

• Federation des caisses Desjardins du Quebec significantly increased its stake in Jacobs Solutions Inc. by 693.5%, acquiring an additional 51,922 shares, bringing its total to 59,409 shares valued at approximately $7.18 million.
• Jacobs Solutions has received multiple price target increases from analysts, with the average target now at $155.25, and ratings varying from "Buy" to "Hold" based on recent research reports.
• The company announced a quarterly dividend of $0.32 per share, reflecting a 0.9% dividend yield and a payout ratio of 31.92%, with the dividend scheduled to be paid on September 19th.

Federation des caisses Desjardins du Quebec increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 693.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,409 shares of the company's stock after buying an additional 51,922 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Jacobs Solutions were worth $7,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of J. BNP Paribas Financial Markets purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $30,303,000. Benjamin Edwards Inc. raised its position in shares of Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares during the period. Bank of America Corp DE raised its position in Jacobs Solutions by 4.1% in the fourth quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after purchasing an additional 70,470 shares during the period. Baird Financial Group Inc. grew its stake in shares of Jacobs Solutions by 7.9% during the fourth quarter. Baird Financial Group Inc. now owns 15,051 shares of the company's stock valued at $2,011,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Jacobs Solutions by 9.3% in the fourth quarter. Captrust Financial Advisors now owns 26,895 shares of the company's stock worth $3,594,000 after purchasing an additional 2,294 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

J has been the topic of several recent analyst reports. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Citigroup increased their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, UBS Group boosted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Price Performance

NYSE:J traded down $0.75 during mid-day trading on Monday, hitting $144.68. The company's stock had a trading volume of 497,201 shares, compared to its average volume of 806,342. 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 company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 1.97 and a beta of 0.79. 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 fifty day moving average of $142.07 and a 200-day moving average of $130.06.

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 for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business posted $1.96 earnings per share. Jacobs Solutions's revenue for the quarter 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, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm 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. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. 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.