Gulf International Bank UK Ltd Sells 3,303 Shares of Jacobs Solutions Inc. $J

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Jacobs Solutions Inc. by 33.3% to hold 6,612 shares, worth approximately $799,000.
• Jacobs Solutions declared a quarterly dividend of $0.32, with an annualized amount of $1.28 and a dividend yield of 0.9%.
• Currently, Jacobs Solutions has a market capitalization of $17.71 billion and analysts project an earnings per share of 6.05 for the fiscal year.

Gulf International Bank UK Ltd lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 33.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,612 shares of the company's stock after selling 3,303 shares during the period. Gulf International Bank UK Ltd's holdings in Jacobs Solutions were worth $799,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its position in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock valued at $263,171,000 after acquiring an additional 188,852 shares in the last quarter. Invesco Ltd. boosted its holdings in Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock valued at $259,560,000 after purchasing an additional 108,366 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Jacobs Solutions by 4.1% during the fourth quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after purchasing an additional 70,470 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.7%

NYSE:J traded up $1.0550 during trading hours on Thursday, hitting $147.5950. 190,516 shares of the stock were exchanged, compared to its average volume of 815,930. The company's 50 day moving average is $137.71 and its two-hundred day moving average is $128.90. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. 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 company has a market capitalization of $17.64 billion, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.09 billion. During the same period in the prior year, the business posted $1.96 earnings per share. Jacobs Solutions's revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on J shares. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup boosted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Truist Financial boosted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. KeyCorp boosted their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, UBS Group boosted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report 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, Jacobs Solutions currently 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.