Mechanics Financial Corp Sells 4,762 Shares of Jacobs Solutions Inc. $J

Key Points

• Mechanics Financial Corp significantly reduced its holdings in Jacobs Solutions Inc. by 88.4% during the 2nd quarter, selling 4,762 shares and leaving them with only 625 shares valued at $82,000.
• Analyst ratings for Jacobs Solutions have improved, with multiple firms raising their price targets to around $166.00 and assigning a "buy" rating, indicating positive sentiment for the stock.
• Jacobs Solutions declared a quarterly dividend of $0.32, which translates to an annualized yield of 0.8%, and reported a net margin of 4.16% in its latest earnings report.

Mechanics Financial Corp reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 88.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 625 shares of the company's stock after selling 4,762 shares during the quarter. Mechanics Financial Corp's holdings in Jacobs Solutions were worth $82,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC bought a new position in Jacobs Solutions in the 1st quarter valued at about $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions in the 2nd quarter valued at about $44,000. Whipplewood Advisors LLC grew its holdings in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Colonial Trust Advisors bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at approximately $51,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at approximately $53,000. 85.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on J. UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Stock Up 1.1%

NYSE:J opened at $154.17 on Friday. The firm's 50 day simple moving average is $146.75 and its 200 day simple moving average is $133.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $154.36. The company has a market cap of $18.43 billion, a PE ratio of 38.45, a P/E/G ratio of 1.80 and a beta of 0.81.

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, topping the consensus estimate of $1.56 by $0.06. The business 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 firm's revenue was down 28.4% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts anticipate 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. Stockholders of record on Friday, August 22nd were given a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's payout ratio is 31.92%.

Jacobs Solutions Company 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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