Vanguard Personalized Indexing Management LLC Boosts Holdings in Jacobs Solutions Inc. $J

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Jacobs Solutions Inc. by 28.4% during the 2nd quarter, owning now 19,354 shares, valued at approximately $2.54 million.
• Jacobs Solutions reported earnings of $1.62 per share for the last quarter, exceeding estimates, despite a 28.4% decline in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.32, equating to an annualized yield of 0.8% with a payout ratio of 31.92%.

Vanguard Personalized Indexing Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,354 shares of the company's stock after purchasing an additional 4,279 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Jacobs Solutions were worth $2,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ninety One UK Ltd increased its holdings in Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company's stock valued at $335,095,000 after acquiring an additional 372,275 shares in the last quarter. Invesco Ltd. lifted its holdings in Jacobs Solutions by 5.3% in the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock valued at $259,560,000 after acquiring an additional 108,366 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Jacobs Solutions by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock valued at $94,635,000 after purchasing an additional 4,931 shares during the period. AQR Capital Management LLC boosted its position in Jacobs Solutions by 0.4% during the first quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock worth $91,687,000 after purchasing an additional 3,250 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Jacobs Solutions by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company's stock worth $81,674,000 after purchasing an additional 1,772 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of J opened at $160.55 on Thursday. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $161.99. 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 company has a market capitalization of $19.19 billion, a P/E ratio of 40.04, a P/E/G ratio of 1.86 and a beta of 0.81. The business's 50-day moving average is $149.09 and its two-hundred day moving average is $135.10.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $1.96 EPS. The business'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. Research 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 declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Analyst Upgrades and Downgrades

J has been the topic of several recent analyst reports. Citigroup lifted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.71.

Jacobs Solutions Company 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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