6,604 Shares in Jacobs Solutions Inc. $J Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 6,604 shares of Jacobs Solutions Inc., valued at approximately $798,000, during the first quarter of the year.
• Jacobs Solutions recently reported an earnings per share (EPS) of $1.62, surpassing the consensus estimate of $1.56, while its revenue was down 28.4% year-over-year.
• The company announced a quarterly dividend of $0.32 per share, with a dividend yield of 0.9%, to be paid on September 19th.

Quantbot Technologies LP acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,604 shares of the company's stock, valued at approximately $798,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in shares of Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of 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 last quarter. Tlwm boosted its stake in shares of 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 last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of 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 last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after buying an additional 117 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $1.42 during trading hours on Thursday, reaching $146.94. The company had a trading volume of 426,091 shares, compared to its average volume of 815,154. The firm has a market cap of $17.56 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The business has a fifty day simple moving average of $139.72 and a 200 day simple moving average of $129.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The company'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. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on J. Royal Bank Of Canada boosted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp boosted 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. UBS Group boosted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, Citigroup upped their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

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.