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Russell Investments Group Ltd. Lowers Stock Position in Jacobs Solutions Inc. $J

Jacobs Solutions logo with Business Services background

Key Points

  • Russell Investments Group Ltd. has reduced its holdings in Jacobs Solutions Inc. by 14.5%, now owning 66,881 shares worth approximately $8 million.
  • Other hedge funds significantly increased their stakes in Jacobs Solutions, with Kovitz Investment Group growing its holding by 345.9% and Lazard Asset Management by 933.6% during the fourth quarter.
  • The company recently announced a quarterly dividend of $0.32 per share, reflecting an annualized yield of 0.9%, and reported earnings per share of $1.62 for its last quarter, exceeding analysts' expectations.
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Russell Investments Group Ltd. reduced its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 66,881 shares of the company's stock after selling 11,377 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Jacobs Solutions worth $8,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC boosted its holdings in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Jacobs Solutions in the 1st quarter worth about $33,000. Optiver Holding B.V. boosted its holdings in shares of Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after buying an additional 190 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in Jacobs Solutions during the fourth quarter valued at about $53,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $1.09 on Friday, reaching $148.41. The stock had a trading volume of 525,224 shares, compared to its average volume of 741,691. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $152.40. The company has a market cap of $17.74 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. 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 business's 50 day moving average is $138.55 and its two-hundred day moving average is $129.03.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The company's revenue for the quarter was down 28.4% on a year-over-year basis. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup upped their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. KeyCorp upped their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

View Our Latest Report on J

Jacobs Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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