Vontobel Holding Ltd. Purchases 1,840 Shares of Jacobs Solutions Inc. $J

Vontobel Holding Ltd. increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,091 shares of the company's stock after purchasing an additional 1,840 shares during the period. Vontobel Holding Ltd. owned 0.29% of Jacobs Solutions worth $45,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in Jacobs Solutions in the 1st quarter valued at $33,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Jacobs Solutions in the 2nd quarter valued at $44,000. Colonial Trust Advisors bought a new stake in Jacobs Solutions in the 1st quarter valued at $51,000. Ransom Advisory Ltd bought a new stake in Jacobs Solutions in the 2nd quarter valued at $53,000. Finally, Catalyst Capital Advisors LLC increased its holdings in Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after acquiring an additional 164 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $157.33 on Thursday. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $157.44. The stock has a market capitalization of $18.81 billion, a P/E ratio of 39.23, a PEG ratio of 1.83 and a beta of 0.81. The firm has a fifty day simple moving average of $147.79 and a two-hundred day simple moving average of $133.97. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly 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 net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the company earned $1.96 EPS. The firm's revenue for the quarter 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, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on J shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday. KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Truist Financial lifted their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, UBS Group lifted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $157.71.

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.

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