Quarry LP Increases Position in Jacobs Solutions Inc. $J

Key Points

• Quarry LP significantly increased its stake in Jacobs Solutions Inc. by over 8,500%, owning 6,029 shares after purchasing an additional 5,959 shares, valued at approximately $729,000.
• Multiple analysts have raised their price targets for Jacobs Solutions, with UBS increasing it to $166.00 and Citigroup also setting a target of $166.00, indicating strong market confidence.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, with an annualized yield of 0.9%, reflecting a payout ratio of 31.92%.

Quarry LP boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 8,512.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,029 shares of the company's stock after buying an additional 5,959 shares during the quarter. Quarry LP's holdings in Jacobs Solutions were worth $729,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after purchasing an additional 3,451 shares in the last quarter. Gibraltar Capital Management Inc. lifted its holdings in Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock valued at $6,770,000 after purchasing an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC increased its position in Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after buying an additional 2,222 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Jacobs Solutions by 12.8% in the first quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company's stock valued at $2,959,000 after purchasing an additional 2,571 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $1.92 during midday trading on Wednesday, hitting $143.31. The company had a trading volume of 517,504 shares, compared to its average volume of 654,383. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $141.17 and a 200 day simple moving average of $129.76. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.99 and a beta of 0.79. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $152.40.

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 for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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 issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target 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. Truist Financial upped their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target 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.