West Oak Capital LLC Purchases Shares of 9,910 Jacobs Solutions Inc. $J

Key Points

• West Oak Capital LLC purchased 9,910 shares of Jacobs Solutions Inc., valued at approximately $1.3 million, during the second quarter.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, surpassing expectations, but experienced a 28.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.32 per share, representing an annualized yield of 0.8%.

West Oak Capital LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,910 shares of the company's stock, valued at approximately $1,303,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new position in Jacobs Solutions during the first quarter valued at approximately $33,000. Whipplewood Advisors LLC boosted its position in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after acquiring an additional 354 shares during the period. Colonial Trust Advisors bought a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $51,000. Ransom Advisory Ltd bought a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $53,000. Finally, Catalyst Capital Advisors LLC boosted its position 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 valued at $64,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Up 1.1%

Shares of J stock opened at $150.76 on Tuesday. The stock has a market cap of $18.02 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The stock has a fifty day moving average price of $145.07 and a 200 day moving average price of $131.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate 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%.Jacobs Solutions's quarterly revenue was down 28.4% compared to the same quarter last year. During the same period 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 predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Ratings Changes

J has been the subject of several research reports. UBS Group increased their price objective 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 report on Saturday, August 30th. KeyCorp increased their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Citigroup increased their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $155.25.

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.

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