UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 1,772 Shares of Jacobs Solutions Inc. $J

Key Points

• UBS Asset Management has increased its stake in Jacobs Solutions Inc. to $81.67 million, representing ownership of approximately 0.56% of the company after acquiring additional shares.
• Jacobs Solutions reported quarterly earnings of $1.62 EPS, surpassing analyst expectations, though revenue decreased by 28.4% compared to the previous year.
• The company announced a quarterly dividend of $0.32 per share, with an annualized yield of 0.9%, scheduled for payment on September 19th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,604 shares of the company's stock after buying an additional 1,772 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.56% of Jacobs Solutions worth $81,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ninety One UK Ltd increased its holdings in Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after acquiring an additional 188,852 shares during the period. Invesco Ltd. increased its holdings in 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 during the period. Royal Bank of Canada increased its holdings in Jacobs Solutions by 27.7% during the 4th quarter. Royal Bank of Canada now owns 1,046,806 shares of the company's stock worth $139,875,000 after acquiring an additional 227,047 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 during the period. Finally, AQR Capital Management LLC increased its holdings in Jacobs Solutions by 0.4% during the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock worth $91,687,000 after acquiring an additional 3,250 shares during the period. Institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

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

Jacobs Solutions Stock Up 0.0%

NYSE:J traded up $0.06 on Monday, reaching $146.76. 606,713 shares of the stock traded hands, compared to its average volume of 607,206. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 1.99 and a beta of 0.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company's fifty day simple moving average is $143.70 and its 200 day simple moving average is $130.83.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. Jacobs Solutions's revenue was down 28.4% compared to the same quarter last year. During the same period last year, the business earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

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.