Jacobs Solutions Inc. $J Shares Purchased by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services Inc. increased its holdings in Jacobs Solutions by 9.2%, acquiring an additional 5,375 shares to reach a total of 63,934 shares valued at $8.4 million.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding estimates, but experienced a 28.4% decrease in year-over-year revenue, totaling $3.03 billion.
• Analysts have a consensus rating of "Moderate Buy" for Jacobs Solutions, with a price target averaging $157.71, reflecting an optimistic outlook for future growth.

McKinley Carter Wealth Services Inc. boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,934 shares of the company's stock after buying an additional 5,375 shares during the period. McKinley Carter Wealth Services Inc. owned 0.05% of Jacobs Solutions worth $8,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in J. Park Avenue Securities LLC boosted its stake in Jacobs Solutions by 54.2% in the 1st quarter. Park Avenue Securities LLC now owns 8,774 shares of the company's stock worth $1,061,000 after buying an additional 3,083 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Jacobs Solutions by 62.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,199 shares of the company's stock worth $512,000 after buying an additional 1,619 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Jacobs Solutions by 104.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,827 shares of the company's stock worth $342,000 after buying an additional 1,447 shares during the last quarter. GAMMA Investing LLC boosted its stake in Jacobs Solutions by 90.2% in the 1st quarter. GAMMA Investing LLC now owns 2,282 shares of the company's stock worth $276,000 after buying an additional 1,082 shares during the last quarter. Finally, CX Institutional boosted its stake in Jacobs Solutions by 11.3% in the 1st quarter. CX Institutional now owns 7,861 shares of the company's stock worth $950,000 after buying an additional 799 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $155.43 on Friday. The company has a market cap of $18.58 billion, a P/E ratio of 38.76, a PEG ratio of 1.85 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. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $157.89. The business's 50-day simple moving average is $148.06 and its 200 day simple moving average is $134.20.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $1.96 EPS. The company's revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued 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 payout ratio is currently 31.92%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. KeyCorp lifted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup lifted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research note on Wednesday. Finally, Truist Financial lifted their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $157.71.

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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