OFI Invest Asset Management Purchases 2,226 Shares of Jacobs Solutions Inc. $J

Key Points

• OFI Invest Asset Management has increased its stake in Jacobs Solutions Inc. by 7.1%, acquiring an additional 2,226 shares and bringing its total holdings to 33,723 shares valued at approximately $4.43 million.
• The stock of Jacobs Solutions recently traded at $151.02 and has experienced a trading range over the past year between a low of $106.23 and a high of $157.89.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, surpassing estimates, though its revenue dropped 28.4% year-over-year to $3.03 billion.

OFI Invest Asset Management lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,723 shares of the company's stock after buying an additional 2,226 shares during the quarter. OFI Invest Asset Management's holdings in Jacobs Solutions were worth $4,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock worth $335,095,000 after buying an additional 372,275 shares in the last quarter. Nuveen LLC bought a new position in shares of Jacobs Solutions during the 1st quarter worth $43,251,000. Vontobel Holding Ltd. grew its position in shares of Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after buying an additional 295,957 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Jacobs Solutions by 203.3% during the 1st quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company's stock worth $27,505,000 after buying an additional 152,494 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Jacobs Solutions during the first quarter valued at about $17,570,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 2.8%

Jacobs Solutions stock opened at $151.02 on Friday. The stock has a 50-day moving average of $148.29 and a two-hundred day moving average of $134.46. 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 one year low of $106.23 and a one year high of $157.89. The stock has a market cap of $18.05 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.81.

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, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business posted $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, 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 was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a research report on Wednesday. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Wednesday. Finally, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $157.71.

About Jacobs Solutions

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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