Jacobs Solutions Inc. $J Stock Position Reduced by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Jacobs Solutions Inc. by 3.9%, now owning approximately 1,084,558 shares valued at $131.11 million.
• Jacobs Solutions recently reported a profit of $1.62 EPS for the quarter, surpassing analysts' expectations, despite a 28.4% decline in revenue compared to the previous year.
• The company will distribute a quarterly dividend of $0.32 per share, with an annualized dividend yield of 0.9%.

Northern Trust Corp lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,084,558 shares of the company's stock after selling 43,530 shares during the quarter. Northern Trust Corp owned approximately 0.89% of Jacobs Solutions worth $131,112,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC boosted its position in Jacobs Solutions by 10,250.0% during 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 during the last quarter. Rossby Financial LCC acquired a new stake in Jacobs Solutions during the first quarter worth approximately $33,000. Whipplewood Advisors LLC raised its stake 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 during the period. Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after purchasing an additional 190 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on J. Citigroup increased their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. 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 note on Wednesday, August 6th. Truist Financial increased their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. KeyCorp increased their price target 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, Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Trading Up 0.4%

Shares of J stock traded up $0.61 during trading hours on Wednesday, reaching $148.75. 216,634 shares of the stock traded hands, compared to its average volume of 815,993. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The business has a fifty day moving average price of $139.30 and a 200 day moving average price of $129.23. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.78 billion, a PE ratio of 37.07, a PEG ratio of 2.00 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating 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 business earned $1.96 earnings per share. 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. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

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