7,805 Shares in Jacobs Solutions Inc. $J Bought by Scientech Research LLC

Scientech Research LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,805 shares of the company's stock, valued at approximately $944,000.

Several other hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC lifted its position in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares during the period. Deutsche Bank AG lifted its position in Jacobs Solutions by 148.2% in the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after purchasing an additional 396,759 shares during the period. Nuveen LLC acquired a new stake in Jacobs Solutions in the first quarter valued at about $43,251,000. Vontobel Holding Ltd. lifted its position in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after purchasing an additional 295,957 shares during the period. Finally, GAMMA Investing LLC lifted its position in Jacobs Solutions by 22,889.3% in the first quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock valued at $33,350,000 after purchasing an additional 274,671 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on J. UBS Group raised their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Down 1.4%

Shares of NYSE:J traded down $2.02 during midday trading on Friday, hitting $146.72. 736,236 shares of the company's stock traded hands, compared to its average volume of 601,707. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $17.54 billion, a PE ratio of 36.59, a P/E/G ratio of 2.02 and a beta of 0.79. The firm's fifty day moving average price is $143.41 and its two-hundred day moving average price is $130.67. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40.

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

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid 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 yield of 0.9%. Jacobs Solutions's 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.