Sivia Capital Partners LLC Invests $321,000 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 shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,444 shares of the company's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in J. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Jacobs Solutions by 8.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock valued at $136,000 after purchasing an additional 78 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings 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 purchasing an additional 87 shares in the last quarter. Tlwm lifted its holdings 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 purchasing an additional 105 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Jacobs Solutions by 2.6% in the first 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 lifted its holdings in shares of Jacobs Solutions by 1.5% in the first 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 institutional investors.

Jacobs Solutions Price Performance

Shares of J stock traded down $0.06 during trading on Monday, hitting $149.11. The company had a trading volume of 75,082 shares, compared to its average volume of 801,280. 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 firm has a market capitalization of $17.82 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. The stock's 50-day moving average price is $144.77 and its 200 day moving average price is $131.50. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (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 business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The firm'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. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions's dividend payout ratio is presently 31.92%.

Analyst Ratings Changes

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

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.