Jacobs Solutions Inc. $J Shares Sold by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC reduced its stake in Jacobs Solutions Inc. by 11.2%, holding 21,701 shares worth approximately $2.85 million after selling 2,740 shares in Q2.
• Despite the reduction by Boston Common, several hedge funds increased their positions, with Ninety One UK Ltd raising its stake by 17.1% during the same period.
• Analysts maintain a positive outlook on Jacobs Solutions, with a consensus rating of "Moderate Buy" and an average target price of $154.57.

Boston Common Asset Management LLC trimmed its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,701 shares of the company's stock after selling 2,740 shares during the quarter. Boston Common Asset Management LLC's holdings in Jacobs Solutions were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ninety One UK Ltd lifted its position in Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock worth $335,095,000 after acquiring an additional 372,275 shares during the period. Invesco Ltd. lifted its position in Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after acquiring an additional 108,366 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Jacobs Solutions by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock worth $94,635,000 after acquiring an additional 4,931 shares during the period. AQR Capital Management LLC lifted its position in Jacobs Solutions by 0.4% during the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock worth $91,687,000 after acquiring an additional 3,250 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Jacobs Solutions by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company's stock worth $81,674,000 after acquiring an additional 1,772 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on J shares. KeyCorp increased their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup increased their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. UBS Group increased their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a research note on Saturday, September 27th. Five equities 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $154.57.

Jacobs Solutions Stock Performance

NYSE J opened at $154.81 on Friday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $155.90. The company has a market capitalization of $18.51 billion, a P/E ratio of 38.61, a PEG ratio of 1.82 and a beta of 0.81. The business has a 50 day moving average price of $146.98 and a 200 day moving average price of $133.34. 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 (NYSE:J - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $1.96 EPS. Jacobs Solutions's quarterly 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. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

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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