357,773 Shares in Jacobs Solutions Inc. $J Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Jacobs Solutions Inc., purchasing 357,773 shares valued at approximately $43.25 million, representing about 0.29% ownership of the company.
• Equities analysts have generally positive outlooks for Jacobs Solutions, with multiple firms raising their price targets, leading to a consensus rating of "Moderate Buy" and an average price target of $155.25.
• Jacobs Solutions announced a quarterly dividend of $0.32, resulting in an annualized yield of 0.9%, with the ex-dividend date set for August 22nd.

Nuveen LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 357,773 shares of the company's stock, valued at approximately $43,251,000. Nuveen LLC owned about 0.29% of Jacobs Solutions as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in Jacobs Solutions during the first quarter worth approximately $245,000. Virtu Financial LLC acquired a new stake in shares of Jacobs Solutions during the first quarter worth $917,000. Invesco Ltd. boosted its position in shares of Jacobs Solutions by 5.3% in the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock valued at $259,560,000 after acquiring an additional 108,366 shares during the period. Berger Financial Group Inc grew its stake in shares of Jacobs Solutions by 11.3% in the first quarter. Berger Financial Group Inc now owns 39,824 shares of the company's stock valued at $4,814,000 after acquiring an additional 4,030 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Jacobs Solutions by 20.8% in the 1st quarter. Benjamin Edwards Inc. now owns 2,091 shares of the company's stock worth $253,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

J traded down $1.3570 on Wednesday, reaching $146.4030. The company had a trading volume of 207,851 shares, compared to its average volume of 817,993. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 1.99 and a beta of 0.79. The business has a 50 day simple moving average of $137.31 and a 200 day simple moving average of $128.78.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the company posted $1.96 EPS. The business's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. Truist Financial lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. 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 report on Wednesday, May 7th. KeyCorp upped their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note 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. Finally, UBS Group boosted their target price 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.