Sequoia Financial Advisors LLC Acquires Shares of 3,581 Jacobs Solutions Inc. $J

Key Points

• Sequoia Financial Advisors LLC acquired 3,581 shares of Jacobs Solutions Inc., valued at approximately $471,000, as part of their new stake disclosed in the second quarter.
• Jacobs Solutions reported $1.62 EPS for the last quarter, beating expectations, but its revenue decreased by 28.4% year-over-year, totaling $3.03 billion.
• The company announced a quarterly dividend of $0.32 per share, with an annualized yield of 0.8%, and its dividend payout ratio stands at 31.92%.

Sequoia Financial Advisors LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,581 shares of the company's stock, valued at approximately $471,000.

A number of other hedge funds also recently bought and sold shares of the company. Vest Financial LLC lifted its stake in Jacobs Solutions by 32.9% during the second quarter. Vest Financial LLC now owns 31,422 shares of the company's stock valued at $4,130,000 after buying an additional 7,780 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company's stock worth $326,181,000 after purchasing an additional 32,043 shares in the last quarter. CWM LLC lifted its position in shares of Jacobs Solutions by 11.4% in the second quarter. CWM LLC now owns 180,221 shares of the company's stock worth $23,690,000 after purchasing an additional 18,500 shares in the last quarter. OFI Invest Asset Management lifted its position in shares of Jacobs Solutions by 7.1% in the second quarter. OFI Invest Asset Management now owns 33,723 shares of the company's stock worth $4,433,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Jacobs Solutions in the second quarter worth approximately $1,577,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 4.6%

NYSE:J opened at $162.57 on Tuesday. The stock's 50 day moving average price is $149.71 and its 200 day moving average price is $136.13. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $164.63. The company has a market capitalization of $19.43 billion, a P/E ratio of 40.54, a P/E/G ratio of 1.83 and a beta of 0.81. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the company posted $1.96 earnings per share. The company's revenue for the quarter 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. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp increased their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an "overweight" rating in a research report on Monday. Wall Street Zen downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Truist Financial increased their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Finally, Barclays increased their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

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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