Fox Run Management L.L.C. Purchases 7,542 Shares of Jacobs Solutions Inc. $J

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Jacobs Solutions Inc. by 139.3% in the first quarter, owning a total of 12,955 shares valued at approximately $1.57 million.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, with an annualized dividend yield of 0.8%, contributing to a payout ratio of about 31.92%.
• Several analysts have raised their target prices for Jacobs Solutions stock, with Citigroup setting a new target of $166.00, indicating a positive outlook on the stock's performance.

Fox Run Management L.L.C. grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 139.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,955 shares of the company's stock after acquiring an additional 7,542 shares during the quarter. Fox Run Management L.L.C.'s holdings in Jacobs Solutions were worth $1,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC increased its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the first quarter valued at $33,000. Whipplewood Advisors LLC boosted its position in shares of Jacobs Solutions by 1,685.7% during the first 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 last quarter. Optiver Holding B.V. boosted its position in shares of Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after buying an additional 190 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at $53,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

NYSE:J traded up $0.52 during trading hours on Tuesday, reaching $147.31. The stock had a trading volume of 165,360 shares, compared to its average volume of 819,278. 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 Inc. has a 52 week low of $106.23 and a 52 week high of $152.40. The company has a 50 day moving average price of $136.91 and a two-hundred day moving average price of $128.64. The stock has a market capitalization of $17.61 billion, a PE ratio of 36.74, a PEG ratio of 2.01 and a beta of 0.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company's revenue was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

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