Jacobs Solutions Inc. $J Shares Acquired by Running Oak Capital LLC

Key Points

• Running Oak Capital LLC increased its stake in Jacobs Solutions Inc. by 3.7% in Q2, holding 125,409 shares now valued at $16.5 million.
• Jacobs Solutions' latest earnings surpassed analyst expectations, reporting $1.62 EPS for the quarter compared to a consensus estimate of $1.56.
• The company announced a quarterly dividend of $0.32 per share, yielding 0.8%, with a payout ratio of 31.92%.

Running Oak Capital LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,409 shares of the company's stock after acquiring an additional 4,452 shares during the period. Running Oak Capital LLC owned 0.10% of Jacobs Solutions worth $16,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Jacobs Solutions by 21.5% during 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 period. Wealth Enhancement Advisory Services LLC boosted its stake in 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 period. Gibraltar Capital Management Inc. increased its position 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 valued at $6,770,000 after acquiring an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after acquiring an additional 2,222 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Jacobs Solutions in the 1st quarter valued at approximately $1,986,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on J. Citigroup increased their price objective 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research note on Saturday, September 27th. UBS Group boosted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp boosted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $154.57.

Jacobs Solutions Stock Performance

Shares of J opened at $154.81 on Monday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $155.90. The stock has a market capitalization of $18.51 billion, a PE ratio of 38.61, a PEG ratio of 1.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50-day simple moving average of $146.98 and a 200-day simple moving average of $133.42.

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, topping 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 firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business's quarterly 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. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. 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.

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