Magnetar Financial LLC Invests $11.10 Million in Jacobs Solutions Inc. $J

Key Points

• Magnetar Financial LLC has invested approximately $11.10 million in Jacobs Solutions Inc., acquiring 91,792 shares of stock, equating to about 0.08% ownership.
• Jacobs Solutions reported quarterly earnings of $1.62 EPS, exceeding estimates, with revenue of $3.03 billion, a decline of 28.4% compared to the previous year.
• Analysts have given Jacobs Solutions a consensus target price of $155.25 with a majority rating it as a "Moderate Buy," while recently updated price targets range from $141.00 to $166.00.

Magnetar Financial LLC purchased a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,792 shares of the company's stock, valued at approximately $11,097,000. Magnetar Financial LLC owned 0.08% of Jacobs Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC boosted its holdings in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Rossby Financial LCC purchased a new position in Jacobs Solutions during the first quarter worth approximately $33,000. Whipplewood Advisors LLC boosted its position in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares in the last quarter. Colonial Trust Advisors acquired a new position in shares of Jacobs Solutions during the first quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Jacobs Solutions by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after purchasing an additional 164 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. UBS Group increased 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. KeyCorp increased their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Trading Down 0.6%

Shares of J traded down $0.94 during trading hours on Tuesday, reaching $145.29. 490,540 shares of the company traded hands, compared to its average volume of 811,187. The company's fifty day moving average price is $140.86 and its two-hundred day moving average price is $129.65. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40.

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 business had revenue of $3.03 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 28.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

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.