Credit Agricole S A Has $4.24 Million Holdings in Jacobs Solutions Inc. $J

Key Points

• Credit Agricole S A increased its stake in Jacobs Solutions by 8.1%, holding a total of 35,103 shares valued at approximately $4.24 million as of their latest SEC filing.
• Jacobs Solutions reported earnings of $1.62 per share, beating estimates, but experienced a 28.4% decline in revenue year-over-year, totaling $3.03 billion.
• The company announced a quarterly dividend of $0.32 per share, indicating an annual dividend yield of 0.9%, with a payout ratio of 31.92%.

Credit Agricole S A increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,103 shares of the company's stock after purchasing an additional 2,622 shares during the period. Credit Agricole S A's holdings in Jacobs Solutions were worth $4,244,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Benjamin Edwards Inc. increased its position in shares of Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the period. Avidian Wealth Enterprises LLC grew its position 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 acquiring an additional 87 shares during the last quarter. Tlwm grew its position in Jacobs Solutions by 1.7% in the first quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after acquiring an additional 105 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after acquiring an additional 108 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Jacobs Solutions by 1.5% in the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.3%

Shares of Jacobs Solutions stock traded up $0.38 during midday trading on Wednesday, reaching $148.52. The company had a trading volume of 249,743 shares, compared to its average volume of 816,101. The stock has a fifty day moving average price of $139.30 and a 200 day moving average price of $129.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $17.75 billion, a PE ratio of 37.05, a P/E/G ratio of 2.00 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.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The company 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 firm's quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions's payout ratio is 31.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on J. UBS Group lifted 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 boosted 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. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup boosted 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. Finally, Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $155.25.

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.