Toth Financial Advisory Corp Boosts Position in Jacobs Solutions Inc. $J

Key Points

• Toth Financial Advisory Corp has increased its holdings in Jacobs Solutions Inc. by 5.8%, acquiring an additional 3,112 shares, bringing their total to 56,718 shares valued at approximately $7.46 million as of the end of the second quarter.
• Jacobs Solutions reported a quarterly earnings per share of $1.62, exceeding analysts' expectations of $1.56, despite a 28.4% decline in revenue year-over-year.
• Analysts have shown a positive outlook for Jacobs Solutions, with six firms assigning a "buy" rating and raising price targets, including Citigroup and UBS Group, updating their targets to $166.00.

Toth Financial Advisory Corp lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,718 shares of the company's stock after acquiring an additional 3,112 shares during the quarter. Toth Financial Advisory Corp's holdings in Jacobs Solutions were worth $7,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 9.5% in the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after purchasing an additional 188,852 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after acquiring an additional 108,366 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Jacobs Solutions by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock worth $94,635,000 after acquiring an additional 4,931 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Jacobs Solutions by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock worth $91,687,000 after buying an additional 3,250 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Jacobs Solutions by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company's stock valued at $81,674,000 after buying an additional 1,772 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 1.1%

Jacobs Solutions stock traded up $1.59 during trading on Monday, reaching $150.76. 584,674 shares of the company were exchanged, compared to its average volume of 804,176. The stock's 50 day simple moving average is $144.77 and its two-hundred day simple moving average is $131.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. 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. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week 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 for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions's revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's payout ratio is currently 31.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on J shares. Citigroup increased their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company 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 stock an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target 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.