TD Asset Management Inc Sells 6,269 Shares of Jacobs Solutions Inc. $J

Key Points

• TD Asset Management Inc has reduced its stake in Jacobs Solutions Inc. by 9.5%, selling 6,269 shares and holding a total of 59,400 shares valued at approximately $7.8 million.
• Jacobs Solutions reported a Q2 earnings per share of $1.62, exceeding analysts' expectations, but its revenue fell short of estimates, declining by 28.4% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, indicating a dividend yield of 0.8% with a payout ratio of approximately 31.92%.

TD Asset Management Inc cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,400 shares of the company's stock after selling 6,269 shares during the quarter. TD Asset Management Inc's holdings in Jacobs Solutions were worth $7,808,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in J. Fulton Bank N.A. increased its position in shares of Jacobs Solutions by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock worth $1,127,000 after purchasing an additional 74 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Jacobs Solutions by 8.1% during the 2nd 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 during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Jacobs Solutions by 4.3% during the 1st 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 during the last quarter. Tlwm lifted its holdings in Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock valued at $753,000 after purchasing an additional 105 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Jacobs Solutions by 2.6% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.4%

J opened at $155.37 on Monday. 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 stock has a market capitalization of $18.57 billion, a PE ratio of 38.75, a PEG ratio of 1.83 and a beta of 0.81. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $161.99. The firm has a 50-day moving average price of $149.42 and a two-hundred day moving average price of $135.77.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company's quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.8%. Jacobs Solutions's payout ratio is currently 31.92%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on J shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday. 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 report on Monday, July 28th. Finally, UBS Group lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.71.

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.

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