Journey Advisory Group LLC Boosts Stake in Jacobs Solutions Inc. $J

Key Points

• Journey Advisory Group LLC increased its stake in Jacobs Solutions Inc. by 366.7% in Q2, representing a significant investment, with their holdings valued at $4.36 million.
• Jacobs Solutions reported earnings per share of $1.62 for the last quarter, exceeding estimates, but its revenue of $3.03 billion fell short of expectations.
• Analysts have given Jacobs Solutions a Moderate Buy rating with an average price target of $157.71, indicating potential growth in stock value.

Journey Advisory Group LLC increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 366.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,137 shares of the company's stock after purchasing an additional 26,037 shares during the quarter. Journey Advisory Group LLC's holdings in Jacobs Solutions were worth $4,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in J. GAMMA Investing LLC raised its position in Jacobs Solutions by 90.2% in the 1st quarter. GAMMA Investing LLC now owns 2,282 shares of the company's stock worth $276,000 after purchasing an additional 1,082 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after purchasing an additional 3,451 shares during the period. State of Alaska Department of Revenue raised its position in Jacobs Solutions by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 14,357 shares of the company's stock worth $1,735,000 after purchasing an additional 190 shares during the period. Running Oak Capital LLC raised its position in Jacobs Solutions by 17.4% in the 1st quarter. Running Oak Capital LLC now owns 120,957 shares of the company's stock worth $14,622,000 after purchasing an additional 17,911 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Jacobs Solutions in the 1st quarter worth $433,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J opened at $155.37 on Monday. The stock has a market cap of $18.57 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.81. 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 fifty-two week low of $106.23 and a fifty-two week high of $161.99. The firm's 50-day simple moving average is $149.42 and its two-hundred day simple moving average is $135.77.

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 the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business's revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. KeyCorp raised their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Truist Financial raised their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $157.71.

About Jacobs Solutions

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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