Ruane Cunniff & Goldfarb L.P. Decreases Stake in Jacobs Solutions Inc. $J

Key Points

• Ruane Cunniff & Goldfarb L.P. reduced its stake in Jacobs Solutions Inc. by 2.8%, now owning 1,176,743 shares worth approximately $142.26 million.
• Several analysts have raised their price targets for Jacobs Solutions, with recommendations including a new price objective of $166.00 from UBS Group, indicating strong market confidence.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, with a yield of 0.9%, reinforcing its commitment to returning value to shareholders.

Ruane Cunniff & Goldfarb L.P. cut its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,743 shares of the company's stock after selling 34,171 shares during the quarter. Jacobs Solutions accounts for 2.6% of Ruane Cunniff & Goldfarb L.P.'s portfolio, making the stock its 16th biggest holding. Ruane Cunniff & Goldfarb L.P. owned 0.98% of Jacobs Solutions worth $142,256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Benjamin Edwards Inc. boosted its stake in shares of Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after buying an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after buying an additional 87 shares in the last quarter. Tlwm boosted its stake in shares of Jacobs Solutions by 1.7% in the first quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after buying an additional 105 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after purchasing an additional 117 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup raised 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. Truist Financial raised 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, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $145.39 on Friday. The business's fifty day moving average price is $142.07 and its two-hundred day moving average price is $130.06. The stock has a market cap of $17.38 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 1.95 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 one year low of $106.23 and a one year high of $152.40.

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

Jacobs Solutions Dividend Announcement

The business also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend 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.

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