Ninety One SA PTY Ltd Boosts Holdings in Jacobs Solutions Inc. $J

Key Points

• Ninety One SA PTY Ltd increased its stake in Jacobs Solutions Inc. by 34.2%, holding 53,870 shares valued at approximately $7.07 million.
• Jacobs Solutions reported a net margin of 4.16% and quarterly earnings of $1.62 EPS, surpassing estimates but showing a year-over-year revenue decline of 28.4%.
• The company declared a quarterly dividend of $0.32 per share, providing an annual yield of 0.9%, and has a payout ratio of 31.92%.

Ninety One SA PTY Ltd grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,870 shares of the company's stock after purchasing an additional 13,726 shares during the period. Jacobs Solutions makes up about 1.2% of Ninety One SA PTY Ltd's investment portfolio, making the stock its 26th largest position. Ninety One SA PTY Ltd's holdings in Jacobs Solutions were worth $7,077,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in Jacobs Solutions during the 1st quarter worth approximately $33,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Jacobs Solutions during the second quarter worth approximately $44,000. Whipplewood Advisors LLC boosted its stake in 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 acquiring an additional 354 shares during the last quarter. Colonial Trust Advisors bought a new position in Jacobs Solutions during the 1st quarter valued at $51,000. Finally, Ransom Advisory Ltd bought a new position in Jacobs Solutions during the 2nd quarter valued at $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $149.98 on Wednesday. The business's fifty day moving average price is $146.30 and its two-hundred day moving average price is $132.70. The firm has a market capitalization of $17.93 billion, a PE ratio of 37.40, a P/E/G ratio of 2.02 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 Inc. has a 1-year low of $106.23 and a 1-year high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. KeyCorp lifted their target price 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, UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $155.25.

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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