National Pension Service Sells 191,242 Shares of Jacobs Solutions Inc. $J

Key Points

• The National Pension Service significantly reduced its stake in Jacobs Solutions Inc. by 92.3%, selling 191,242 shares in the first quarter, leaving it with 15,905 shares valued at approximately $1.92 million.
• Jacobs Solutions reported a drop in revenue of 28.4% year-over-year for the quarter, generating $3.03 billion compared to expectations of $3.09 billion, while earnings per share increased to $1.62.
• The company announced a quarterly dividend of $0.32 per share, with a total annualized dividend yield of 0.9%, and a payout ratio of 31.92%.

National Pension Service reduced its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 92.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,905 shares of the company's stock after selling 191,242 shares during the quarter. National Pension Service's holdings in Jacobs Solutions were worth $1,923,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock valued at $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted 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 valued at $15,379,000 after purchasing an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. lifted its position in Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock valued at $6,770,000 after purchasing an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after purchasing an additional 2,222 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Jacobs Solutions by 12.8% in the 1st quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company's stock valued at $2,959,000 after purchasing an additional 2,571 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Stock Performance

J stock traded up $1.06 on Thursday, reaching $147.60. 190,516 shares of the company were exchanged, compared to its average volume of 815,930. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The stock's fifty day moving average price is $137.71 and its 200 day moving average price is $128.90. The firm has a market capitalization of $17.64 billion, a PE ratio of 36.81, a PEG ratio of 2.01 and a beta of 0.79. 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 (NYSE:J - Get Free Report) last announced 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Jacobs Solutions'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. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

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.