Red Spruce Capital LLC Has $1.92 Million Position in Jacobs Solutions Inc. $J

Key Points

• Red Spruce Capital LLC has reduced its holdings in Jacobs Solutions Inc. by 23.3%, resulting in ownership of 14,593 shares valued at approximately $1.92 million.
• Jacobs Solutions recently reported $1.62 EPS for the last quarter, slightly above analysts' expectations, but experienced a 28.4% decline in revenue year-over-year.
• The company has set fiscal year 2025 guidance for 6.000-6.100 EPS and currently has a target price consensus of $155.25 among analysts.

Red Spruce Capital LLC cut its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 23.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,593 shares of the company's stock after selling 4,425 shares during the quarter. Red Spruce Capital LLC's holdings in Jacobs Solutions were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in 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 buying an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Jacobs Solutions by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after purchasing an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. grew its position in shares of Jacobs Solutions by 13.9% in the first 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 lifted its stake in shares of Jacobs Solutions by 12.7% in the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after buying an additional 2,222 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Jacobs Solutions in the first quarter valued at about $1,986,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE:J traded down $0.77 during trading on Friday, reaching $148.87. The stock had a trading volume of 287,119 shares, compared to its average volume of 797,779. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $152.40. The business's 50-day moving average price is $144.49 and its 200 day moving average price is $131.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $17.79 billion, a PE ratio of 37.12, a P/E/G ratio of 2.00 and a beta of 0.79.

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

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

Analyst Upgrades and Downgrades

J has been the subject of several research reports. UBS Group increased their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. KeyCorp raised their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

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.