Otter Creek Advisors LLC Sells 2,439 Shares of Jacobs Solutions Inc. $J

Key Points

• Otter Creek Advisors LLC reduced its stake in Jacobs Solutions Inc. by 9.2%, selling 2,439 shares and holding a total of 24,145 shares valued at approximately $3.17 million.
• Jacobs Solutions reported Q2 earnings of $1.62 EPS, surpassing estimates, but faced a revenue decline of 28.4% year-over-year, with total revenue at $3.03 billion.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, reflecting a yield of 0.8% and a payout ratio of 31.92% as of the end of Q2.

Otter Creek Advisors LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,145 shares of the company's stock after selling 2,439 shares during the period. Jacobs Solutions comprises approximately 2.2% of Otter Creek Advisors LLC's holdings, making the stock its 26th largest position. Otter Creek Advisors LLC's holdings in Jacobs Solutions were worth $3,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of J. Fulton Bank N.A. boosted its holdings in Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock worth $1,127,000 after buying an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Jacobs Solutions by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after buying an additional 78 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares during the period. Tlwm boosted its holdings in Jacobs Solutions by 1.7% in the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after buying an additional 105 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after buying an additional 108 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.4%

Shares of NYSE J opened at $155.37 on Friday. The firm's 50-day moving average price is $149.42 and its 200-day moving average price is $135.57. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 1.84 and a beta of 0.81. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $161.99.

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, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business's revenue was down 28.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio is currently 31.92%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup increased their price objective 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. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday. KeyCorp increased their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, UBS Group increased their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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