Union Bancaire Privee UBP SA Sells 1,680 Shares of Jacobs Solutions Inc. $J

Key Points

• Union Bancaire Privee UBP SA sold 1,680 shares of Jacobs Solutions Inc., reducing its holdings by 39.3% and now owns 2,598 shares valued at approximately $342,000.
• Jacobs Solutions reported an earnings per share (EPS) of $1.62 for the last quarter, exceeding analyst expectations, although its revenue decreased by 28.4% year-over-year.
• Recent upgrades from several brokerages include Citigroup and UBS Group, both raising their target prices for Jacobs Solutions to as high as $166.00, reflecting growing confidence in the company's future performance.

Union Bancaire Privee UBP SA reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 39.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,598 shares of the company's stock after selling 1,680 shares during the period. Union Bancaire Privee UBP SA's holdings in Jacobs Solutions were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Ninety One UK Ltd increased its position 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 valued at $263,171,000 after buying an additional 188,852 shares in the last quarter. Invesco Ltd. increased its position in Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock valued at $259,560,000 after buying an additional 108,366 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 valued at $94,635,000 after buying an additional 4,931 shares in the last quarter. AQR Capital Management LLC increased its position in Jacobs Solutions by 0.4% during the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock valued at $91,687,000 after buying an additional 3,250 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.7%

Shares of J opened at $152.41 on Thursday. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $153.38. 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 company has a market capitalization of $18.22 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 2.03 and a beta of 0.81. The stock's 50-day moving average price is $146.51 and its 200-day moving average price is $132.84.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The company'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, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions's dividend payout ratio is presently 31.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on J. Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, KeyCorp increased their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $155.25.

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.

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