Jacobs Solutions Inc. $J Shares Sold by Cape ANN Savings Bank

Key Points

• Cape ANN Savings Bank reduced its holdings in Jacobs Solutions by 65.4% during the 2nd quarter, bringing its shares to a total of 2,409 valued at $317,000.
• Analysts have given Jacobs Solutions an average rating of "Moderate Buy" with a price target of $154.57, while several firms have recently upgraded their ratings and price objectives.
• Jacobs Solutions reported quarterly earnings of $1.62 EPS, exceeding expectations, although revenue decreased by 28.4% year-over-year, with FY 2025 guidance set between 6.000-6.100 EPS.

Cape ANN Savings Bank decreased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 65.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,409 shares of the company's stock after selling 4,545 shares during the period. Cape ANN Savings Bank's holdings in Jacobs Solutions were worth $317,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock valued at $335,095,000 after purchasing an additional 372,275 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $43,251,000. Vontobel Holding Ltd. grew its holdings in Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after buying an additional 295,957 shares during the last quarter. SG Americas Securities LLC increased its position in Jacobs Solutions by 1,098.2% during the first quarter. SG Americas Securities LLC now owns 226,816 shares of the company's stock worth $27,420,000 after buying an additional 207,886 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Jacobs Solutions by 203.3% in the first quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company's stock worth $27,505,000 after acquiring an additional 152,494 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

J has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a report on Saturday, September 27th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. KeyCorp raised 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. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $154.57.

Jacobs Solutions Stock Up 0.5%

Shares of NYSE:J opened at $154.81 on Friday. The stock's 50-day moving average price is $146.98 and its two-hundred day moving average price is $133.28. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $155.90. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.81 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $1.96 EPS. The firm'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. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Jacobs Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.