QRG Capital Management Inc. Has $9.13 Million Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• QRG Capital Management Inc. has reduced its holdings in Jacobs Solutions Inc. by 5.3%, now owning approximately $9.13 million in stock.
• Several analysts have upgraded Jacobs Solutions, with UBS Group raising its price target from $152 to $166, maintaining a "buy" rating.
• Jacobs Solutions reported a net margin of 4.16% for the quarter, with a significant year-over-year revenue decline of 28.4%.

QRG Capital Management Inc. lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,442 shares of the company's stock after selling 3,881 shares during the quarter. QRG Capital Management Inc. owned approximately 0.06% of Jacobs Solutions worth $9,128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Two Point Capital Management Inc. acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $10,289,000. Hilltop National Bank acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $1,122,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,745 shares of the company's stock worth $1,938,000 after purchasing an additional 851 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $12,097,000. Finally, Ninety One SA PTY Ltd increased its position in shares of Jacobs Solutions by 34.2% during the 2nd quarter. Ninety One SA PTY Ltd now owns 53,870 shares of the company's stock worth $7,077,000 after purchasing an additional 13,726 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on J shares. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp boosted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Saturday, September 27th. Finally, Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Jacobs Solutions Stock Up 0.5%

J stock opened at $154.81 on Friday. 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 firm has a market capitalization of $18.51 billion, a PE ratio of 38.61, a PEG ratio of 1.82 and a beta of 0.81. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $155.90. The business's 50 day simple moving average is $146.98 and its 200 day simple moving average is $133.34.

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

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's payout ratio is presently 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.

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