Strs Ohio Invests $1.87 Million in Jacobs Solutions Inc. $J

Key Points

• Strs Ohio has made a new investment in Jacobs Solutions Inc. by purchasing 15,425 shares valued at approximately $1.865 million during the first quarter.
• Jacobs Solutions is experiencing fluctuations in its stock price, currently down 0.4%, with a fiscal focus on achieving an earnings per share (EPS) guidance of 6.000-6.100 for FY 2025.
• The company announced a quarterly dividend of $0.32, translating to an annualized yield of 0.9%, with a notable dividend payout ratio of 31.92%.

Strs Ohio acquired 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 SEC. The fund acquired 15,425 shares of the company's stock, valued at approximately $1,865,000.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after acquiring an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after purchasing an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 13.9% during the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after purchasing an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC grew its position in Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after purchasing an additional 2,222 shares during the period. Finally, FORA Capital LLC acquired a new position in Jacobs Solutions in the first quarter valued at approximately $1,986,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. 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 note on Wednesday, August 6th. UBS Group increased 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. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned 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 Stock Down 0.4%

Jacobs Solutions stock traded down $0.58 during trading on Friday, reaching $149.05. The stock had a trading volume of 1,635,672 shares, compared to its average volume of 627,699. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. The business has a 50 day moving average price of $144.77 and a 200 day moving average price of $131.39. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.82 billion, a PE ratio of 37.17, a P/E/G ratio of 2.03 and a beta of 0.79.

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, topping 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 firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm's revenue 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, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

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

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.