Jacobs Solutions Inc. $J Shares Acquired by Forte Capital LLC ADV

Key Points

• Forte Capital LLC ADV increased its stake in Jacobs Solutions by 2.4% during the second quarter, now owning 73,165 shares valued at approximately $9.6 million.
• Jacobs Solutions reported earnings of $1.62 per share, exceeding analyst expectations, but its revenue declined 28.4% year-over-year to $3.03 billion.
• The company announced a quarterly dividend of $0.32 per share, reflecting an annualized yield of 0.8% with a payout ratio of 31.92%.

Forte Capital LLC ADV increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,165 shares of the company's stock after purchasing an additional 1,681 shares during the quarter. Forte Capital LLC ADV owned 0.06% of Jacobs Solutions worth $9,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its position in Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after buying an additional 74 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Jacobs Solutions by 8.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after acquiring an additional 78 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after purchasing an additional 87 shares during the last quarter. Tlwm grew its stake in Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after purchasing an additional 105 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Jacobs Solutions by 2.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J opened at $150.76 on Tuesday. The stock has a market capitalization of $18.02 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. The business's fifty day moving average price is $145.07 and its 200 day moving average price is $131.68. 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 12-month low of $106.23 and a 12-month high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results 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 net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The firm'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. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

J has been the topic of a number of recent analyst reports. UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Citigroup boosted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

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.

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