Sivia Capital Partners LLC Takes Position in Jacobs Solutions Inc. $J

Key Points

• Sivia Capital Partners LLC has acquired 2,444 shares of Jacobs Solutions Inc., valued at approximately $321,000, during the second quarter of 2023.
• Jacobs Solutions reported EPS of $1.62 for the last quarter, exceeding analyst expectations, but its revenue fell by 28.4% year-over-year to $3.03 billion.
• The company's recent quarterly dividend of $0.32 per share reflects an annualized yield of 0.9%, with a payout ratio of 31.92%.

Sivia Capital Partners LLC bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,444 shares of the company's stock, valued at approximately $321,000.

A number of other institutional investors have also modified their holdings of J. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC raised its position in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Jacobs Solutions in the 2nd quarter worth $53,000. Colonial Trust Advisors purchased a new stake in shares of Jacobs Solutions in the 1st quarter worth $51,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after buying an additional 164 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 1.1%

Shares of NYSE:J traded up $1.59 during trading on Monday, reaching $150.76. The stock had a trading volume of 584,674 shares, compared to its average volume of 683,227. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The company has a market capitalization of $18.02 billion, a P/E ratio of 37.60, a PEG ratio of 2.03 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 firm's 50-day simple moving average is $145.07 and its 200 day simple moving average is $131.68.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business posted $1.96 EPS. Jacobs Solutions's revenue 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 expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Analyst Ratings Changes

Several research firms recently weighed in on J. Citigroup lifted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. KeyCorp raised their target price 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. UBS Group upped 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. Finally, Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Company 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.