Korea Investment CORP Sells 9,871 Shares of Jacobs Solutions Inc. $J

Key Points

• Korea Investment CORP reduced its stake in Jacobs Solutions Inc. by 7.3% in Q1, holding 125,229 shares valued at approximately $15.14 million after selling 9,871 shares.
• Several institutional investors have made significant changes to their positions, with Colonial Trust Co SC increasing its holdings by an astonishing 10,250.0%.
• Jacobs Solutions announced a quarterly dividend of $0.32 to be paid on September 19th, representing an annual yield of 0.9% and a payout ratio of 31.92%.

Korea Investment CORP decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,229 shares of the company's stock after selling 9,871 shares during the quarter. Korea Investment CORP owned about 0.10% of Jacobs Solutions worth $15,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Corient IA LLC purchased a new stake in Jacobs Solutions in the first quarter worth $302,000. EverSource Wealth Advisors LLC raised its holdings in Jacobs Solutions by 5.7% in the first quarter. EverSource Wealth Advisors LLC now owns 4,230 shares of the company's stock worth $511,000 after purchasing an additional 227 shares in the last quarter. Aberdeen Group plc raised its holdings in Jacobs Solutions by 117.7% in the first quarter. Aberdeen Group plc now owns 124,869 shares of the company's stock worth $15,012,000 after purchasing an additional 67,504 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in Jacobs Solutions by 139.3% in the first quarter. Fox Run Management L.L.C. now owns 12,955 shares of the company's stock worth $1,566,000 after purchasing an additional 7,542 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its holdings in Jacobs Solutions by 176.1% in the first quarter. Inspire Trust Co. N.A. now owns 27,000 shares of the company's stock worth $3,264,000 after purchasing an additional 17,220 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.32 on Wednesday, hitting $148.46. The stock had a trading volume of 65,119 shares, compared to its average volume of 815,079. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business's 50-day simple moving average is $139.30 and its two-hundred day simple moving average is $129.23. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-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 earnings per share for the quarter, beating 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 analysts' expectations of $3.09 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business'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. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

Analysts Set New Price Targets

J has been the subject of a number of research reports. KeyCorp increased their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Citigroup raised their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.