MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $103.72 Million Holdings in Jacobs Solutions Inc. $J

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in Jacobs Solutions Inc. by 5.1%, owning 857,988 shares, which are now valued at approximately $103.7 million.
• Jacobs Solutions recently reported earnings of $1.62 per share, surpassing analysts' estimates, despite a significant year-over-year revenue decline of 28.4%.
• The company has set its FY 2025 guidance at 6.000-6.100 EPS, with current predictions for 6.05 EPS for the year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 857,988 shares of the company's stock after selling 45,710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.71% of Jacobs Solutions worth $103,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC increased its position in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at about $33,000. Whipplewood Advisors LLC boosted its holdings in shares of Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares during the period. Colonial Trust Advisors acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at about $51,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after buying an additional 164 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J stock traded down $0.75 during midday trading on Monday, reaching $144.68. 498,504 shares of the company were exchanged, compared to its average volume of 591,460. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company has a market cap of $17.29 billion, a P/E ratio of 36.08, a PEG ratio of 1.97 and a beta of 0.79. The company's 50 day moving average price is $142.33 and its two-hundred day moving average price is $130.17. 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 released its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business's revenue for the quarter 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 expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.