United Asset Strategies Inc. Cuts Stock Position in Jacobs Solutions Inc. $J

Key Points

• United Asset Strategies Inc. sold 15,212 shares of Jacobs Solutions Inc., reducing its position by 44.1% to 19,290 shares, now valued at $2.33 million.
• Several institutional investors have recently increased their stakes, with Banco Bilbao Vizcaya Argentaria raising its holdings by 43.9% during the first quarter.
• Jacobs Solutions reported $1.62 earnings per share, surpassing estimates and setting a fiscal year 2025 guidance of 6.000-6.100 EPS.

United Asset Strategies Inc. reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 44.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,290 shares of the company's stock after selling 15,212 shares during the quarter. United Asset Strategies Inc.'s holdings in Jacobs Solutions were worth $2,332,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC raised its position in Jacobs Solutions by 3.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 7,848 shares of the company's stock valued at $949,000 after purchasing an additional 255 shares in the last quarter. Humankind Investments LLC raised its position in Jacobs Solutions by 10.2% in the 1st quarter. Humankind Investments LLC now owns 3,672 shares of the company's stock valued at $444,000 after purchasing an additional 340 shares in the last quarter. Credit Agricole S A raised its position in Jacobs Solutions by 8.1% in the 1st quarter. Credit Agricole S A now owns 35,103 shares of the company's stock valued at $4,244,000 after purchasing an additional 2,622 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Jacobs Solutions by 43.9% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,746 shares of the company's stock valued at $935,000 after purchasing an additional 2,363 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Jacobs Solutions by 6.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,303 shares of the company's stock valued at $641,000 after purchasing an additional 321 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE J traded down $1.2890 during trading hours on Monday, reaching $147.2010. The stock had a trading volume of 617,786 shares, compared to its average volume of 814,447. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 2.02 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 fifty-two week low of $106.23 and a fifty-two week high of $152.40. The firm has a 50-day moving average of $138.55 and a 200-day moving average of $129.00.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 17.13% and a net margin of 4.16%.The business's revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on J shares. Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. KeyCorp increased their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. UBS Group boosted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Finally, Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $155.25.

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.