Janney Montgomery Scott LLC Increases Stock Position in Jacobs Solutions Inc. $J

Key Points

• Janney Montgomery Scott LLC increased its stake in Jacobs Solutions Inc. by 13.3% during the 2nd quarter, now holding 91,030 shares, valued at approximately $12 million.
• Jacobs Solutions reported $1.62 EPS for the last quarter, exceeding analysts' expectations, but its revenue declined 28.4% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, with a yield of 0.8% and a dividend payout ratio of 31.92%.

Janney Montgomery Scott LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,030 shares of the company's stock after buying an additional 10,670 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Jacobs Solutions worth $11,966,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in J. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at $33,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Jacobs Solutions during the 2nd quarter worth $44,000. Colonial Trust Advisors purchased a new stake in Jacobs Solutions during the 1st quarter worth $51,000. Ransom Advisory Ltd purchased a new stake in Jacobs Solutions during the 2nd quarter worth $53,000. Finally, Catalyst Capital Advisors LLC boosted its position in Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 164 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 0.5%

NYSE:J opened at $154.81 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50-day simple moving average of $146.98 and a 200 day simple moving average of $133.28. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $155.90. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results 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. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the company posted $1.96 earnings per share. Jacobs Solutions's 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. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research reports. UBS Group upped their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Saturday, September 27th. Citigroup upped their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $154.57.

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.

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