Pallas Capital Advisors LLC Acquires 5,275 Shares of Jacobs Solutions Inc. $J

Key Points

• Pallas Capital Advisors LLC increased its stake in Jacobs Solutions Inc. by 11.1%, acquiring an additional 5,275 shares during the second quarter, bringing its total holdings to 52,674 shares valued at approximately $6.9 million.
• Analyst ratings for Jacobs Solutions have improved, with several firms including KeyCorp and Citigroup raising their price targets and rating the stock as "buy," contributing to an average rating of "Moderate Buy" with a price target of $155.25.
• Jacobs Solutions recently announced a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 0.9%, reflecting a stable dividend payout ratio of 31.92%.

Pallas Capital Advisors LLC raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,674 shares of the company's stock after acquiring an additional 5,275 shares during the period. Pallas Capital Advisors LLC's holdings in Jacobs Solutions were worth $6,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in Jacobs Solutions in the 1st quarter valued at $33,000. Whipplewood Advisors LLC increased its holdings in shares of Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares during the last quarter. Colonial Trust Advisors bought a new stake in shares of Jacobs Solutions in the 1st quarter worth about $51,000. Ransom Advisory Ltd bought a new stake in shares of Jacobs Solutions in the 2nd quarter worth about $53,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after buying an additional 164 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 report on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Citigroup boosted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Trading Down 0.4%

Jacobs Solutions stock traded down $0.58 during trading hours on Friday, hitting $149.05. The company had a trading volume of 1,635,672 shares, compared to its average volume of 627,699. The firm has a market cap of $17.82 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.03 and a beta of 0.79. 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 1 year low of $106.23 and a 1 year high of $152.40. The company has a 50-day moving average price of $144.77 and a two-hundred day moving average price of $131.44.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.03 billion during 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 firm's quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's payout ratio is 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.