United Services Automobile Association Acquires Shares of 3,062 Jacobs Solutions Inc. $J

Key Points

• United Services Automobile Association acquired a new stake in Jacobs Solutions Inc., purchasing 3,062 shares valued at approximately $371,000 during the first quarter.
• Jacobs Solutions has recently received upgrades from several research firms, including UBS and Citigroup, which raised their target prices to between $166.00 and $157.00, reflecting a positive outlook on the stock.
• The company announced a quarterly dividend of $0.32 per share, which will be paid on September 19th, representing an annual yield of 0.9%.

United Services Automobile Association bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,062 shares of the company's stock, valued at approximately $371,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions in the first quarter valued at $33,000. Whipplewood Advisors LLC lifted its position in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares during the period. Colonial Trust Advisors bought a new position in shares of Jacobs Solutions in the first quarter worth about $51,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Jacobs Solutions by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after acquiring an additional 164 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Jacobs Solutions by 286.7% in the first quarter. Golden State Wealth Management LLC now owns 611 shares of the company's stock worth $74,000 after acquiring an additional 453 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Stock Up 0.0%

NYSE:J traded up $0.06 during trading hours on Monday, hitting $146.76. 606,713 shares of the company traded hands, compared to its average volume of 803,673. 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 firm's 50-day simple moving average is $143.41 and its 200-day simple moving average is $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 market cap of $17.54 billion, a PE ratio of 36.60, a PEG 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 for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business earned $1.96 EPS. The business's revenue was down 28.4% on a year-over-year basis. 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 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is presently 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.