TruWealth Advisors LLC Takes $225,000 Position in Jacobs Solutions Inc. $J

Key Points

• TruWealth Advisors LLC has acquired a new stake in Jacobs Solutions Inc. valued at approximately $225,000, purchasing 1,712 shares during the second quarter.
• Several institutional investors have significantly increased their holdings in Jacobs Solutions, with Nuveen LLC investing over $43 million in the first quarter.
• Analysts have a positive outlook on Jacobs Solutions, with multiple firms raising their price targets and rating the stock as a "buy," indicating strong investor confidence.

TruWealth Advisors LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 1,712 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Nuveen LLC purchased a new position in shares of Jacobs Solutions in the 1st quarter valued at $43,251,000. Vontobel Holding Ltd. boosted its position in shares of Jacobs Solutions by 639.3% in the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after purchasing an additional 295,957 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 22,889.3% in the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock worth $33,350,000 after purchasing an additional 274,671 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Jacobs Solutions by 27.7% in the 4th quarter. Royal Bank of Canada now owns 1,046,806 shares of the company's stock worth $139,875,000 after purchasing an additional 227,047 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Jacobs Solutions by 554.7% in the 4th quarter. Squarepoint Ops LLC now owns 256,532 shares of the company's stock worth $34,278,000 after purchasing an additional 217,350 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. UBS Group raised their price objective on 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 raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of J opened at $146.72 on Monday. The stock has a 50-day moving average of $143.41 and a two-hundred day moving average of $130.70. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. 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 stock has a market cap of $17.54 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.99 and a beta of 0.79.

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

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

About Jacobs Solutions

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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