Lincluden Management Ltd. Makes New Investment in Jacobs Solutions Inc. $J

Key Points

• Lincluden Management Ltd. invested approximately $4.86 million in Jacobs Solutions Inc. by acquiring 37,002 shares during the second quarter.
• Jacobs Solutions reported a net margin of 4.16% with a revenue drop of 28.4% year-over-year, totaling $3.03 billion for the recent quarter.
• The company declared a quarterly dividend of $0.32 per share, indicating an annualized yield of 0.8% and a payout ratio of 31.92%.

Lincluden Management Ltd. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 37,002 shares of the company's stock, valued at approximately $4,864,000.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC bought a new position in Jacobs Solutions during the 1st quarter worth approximately $33,000. Costello Asset Management INC bought a new position in Jacobs Solutions during the 2nd quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions during the 2nd quarter worth approximately $44,000. Ransom Advisory Ltd acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $53,000. Finally, Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $51,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 2.8%

J opened at $151.02 on Friday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $157.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $18.05 billion, a P/E ratio of 37.66, a P/E/G ratio of 1.78 and a beta of 0.81. The stock's 50 day moving average price is $148.29 and its 200 day moving average price is $134.46.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm earned $1.96 EPS. The firm'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. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Citigroup increased their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Wednesday. KeyCorp increased their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Truist Financial increased their price target on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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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