Jacobs Solutions Inc. $J Shares Acquired by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management L L P NC increased its holdings in Jacobs Solutions Inc. by 4.5%, acquiring an additional 4,942 shares and bringing its total ownership to 115,854 shares valued at approximately $15.23 million.
• Various institutional investors have also significantly increased their stakes in Jacobs Solutions, with notable increases from Vontobel Holding Ltd. and GAMMA Investing LLC, showcasing strong institutional interest in the company.
• Analysts have a positive outlook on Jacobs Solutions, with several upgrades resulting in a consensus price target of $155.25 and an average rating of "Moderate Buy".

Wedge Capital Management L L P NC boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,854 shares of the company's stock after purchasing an additional 4,942 shares during the period. Wedge Capital Management L L P NC owned 0.10% of Jacobs Solutions worth $15,229,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock valued at $1,684,000 after buying an additional 2,457 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after buying an additional 3,451 shares in the last quarter. Gibraltar Capital Management Inc. grew its holdings in shares of Jacobs Solutions by 13.9% during the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock valued at $6,770,000 after buying an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after buying an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of Jacobs Solutions in the 1st quarter worth $1,986,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. UBS Group increased their target price 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. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup boosted their price target 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. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Stock Down 0.4%

NYSE J traded down $0.58 during mid-day trading on Friday, hitting $149.05. The company's stock had a trading volume of 1,635,672 shares, compared to its average volume of 683,227. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.03 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. The company's 50 day simple moving average is $144.77 and its 200 day simple moving average is $131.50. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a $0.32 dividend. 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 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

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.