Jacobs Solutions Inc. $J Stock Position Cut by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in Jacobs Solutions Inc. by 87.2%, ending the first quarter with only 8,615 shares.
• Several institutional investors have significantly increased their positions in Jacobs Solutions, with Nuveen LLC investing approximately $43 million and GAMMA Investing LLC expanding its stake by 22,889.3%.
• Jacobs Solutions announced a quarterly dividend of $0.32, which will be paid on September 19th, representing an annualized dividend yield of 0.9% based on its current payout ratio of 31.92%.

Jones Financial Companies Lllp lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 87.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,615 shares of the company's stock after selling 58,706 shares during the period. Jones Financial Companies Lllp's holdings in Jacobs Solutions were worth $1,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Nuveen LLC bought a new position in Jacobs Solutions in the 1st quarter valued at about $43,251,000. Vontobel Holding Ltd. grew its position in Jacobs Solutions by 639.3% in 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 in the last quarter. GAMMA Investing LLC grew its position in Jacobs Solutions by 22,889.3% in the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock valued at $33,350,000 after buying an additional 274,671 shares in the last quarter. Millennium Management LLC grew its position in Jacobs Solutions by 120.8% in the 4th quarter. Millennium Management LLC now owns 470,256 shares of the company's stock valued at $62,836,000 after buying an additional 257,257 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Jacobs Solutions by 27.7% in the 4th quarter. Royal Bank of Canada now owns 1,046,806 shares of the company's stock valued at $139,875,000 after buying an additional 227,047 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group upped 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. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Citigroup upped 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. Finally, KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Price Performance

J stock opened at $146.72 on Friday. 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 one year low of $106.23 and a one year high of $152.40. The firm has a market capitalization of $17.54 billion, a PE ratio of 36.59, a P/E/G ratio of 2.02 and a beta of 0.79. The firm has a 50-day moving average of $143.41 and a two-hundred day moving average of $130.64.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating 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 company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. 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. On average, analysts forecast 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. Stockholders of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio is currently 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.

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