Jacobs Solutions Inc. $J Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Jacobs Solutions Inc. by 32.9%, now holding 31,422 shares worth approximately $4.13 million.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding estimates and setting FY 2025 guidance between 6.000-6.100 EPS.
• The company's stock has a current market cap of $18.39 billion and has seen a 1.8% increase recently, with analysts rating it as a "Moderate Buy" on average.

Vest Financial LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,422 shares of the company's stock after purchasing an additional 7,780 shares during the quarter. Vest Financial LLC's holdings in Jacobs Solutions were worth $4,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock valued at $1,684,000 after purchasing an additional 2,457 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Jacobs Solutions by 2.8% during the 1st 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. raised its holdings in Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after buying an additional 6,824 shares during the period. DAVENPORT & Co LLC grew its stake in Jacobs Solutions by 12.7% during 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 in the last quarter. Finally, FORA Capital LLC purchased a new position in Jacobs Solutions during the 1st quarter valued at about $1,986,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Up 1.8%

Shares of Jacobs Solutions stock opened at $153.83 on Tuesday. The business's 50 day simple moving average is $148.56 and its 200 day simple moving average is $134.76. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $157.89. The firm has a market cap of $18.39 billion, a PE ratio of 38.36, a P/E/G ratio of 1.78 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 (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The firm 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 business's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's payout ratio is currently 31.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on J shares. Truist Financial boosted their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. UBS Group upped their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, 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 report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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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