ZWJ Investment Counsel Inc. Sells 9,570 Shares of Jacobs Solutions Inc. $J

Key Points

• ZWJ Investment Counsel Inc. reduced its holdings in Jacobs Solutions Inc. by 4.0%, after selling 9,570 shares, bringing its total ownership to approximately 228,791 shares valued at $30,075,000.
• Jacobs Solutions reported $1.62 EPS for its last quarter, exceeding estimates, despite a 28.4% year-over-year revenue decline to $3.03 billion.
• The company has recently declared a quarterly dividend of $0.32, translating to an annual yield of 0.8% with a dividend payout ratio of 31.92%.

ZWJ Investment Counsel Inc. cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,791 shares of the company's stock after selling 9,570 shares during the period. ZWJ Investment Counsel Inc. owned about 0.19% of Jacobs Solutions worth $30,075,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of J. Rhumbline Advisers grew its position in Jacobs Solutions by 9.8% during the 1st quarter. Rhumbline Advisers now owns 228,815 shares of the company's stock worth $27,661,000 after acquiring an additional 20,445 shares during the last quarter. NBC Securities Inc. grew its position in Jacobs Solutions by 135,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,702 shares of the company's stock worth $326,000 after acquiring an additional 2,700 shares during the last quarter. Merit Financial Group LLC grew its position in Jacobs Solutions by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 4,048 shares of the company's stock worth $489,000 after acquiring an additional 1,295 shares during the last quarter. Apella Capital LLC bought a new stake in Jacobs Solutions during the 1st quarter worth approximately $242,000. Finally, Vest Financial LLC grew its position in Jacobs Solutions by 30.7% during the 1st quarter. Vest Financial LLC now owns 23,642 shares of the company's stock worth $2,858,000 after acquiring an additional 5,554 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 0.5%

NYSE:J opened at $154.81 on Friday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $155.90. 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 has a market capitalization of $18.51 billion, a P/E ratio of 38.61, a P/E/G ratio of 1.81 and a beta of 0.81. The stock's fifty day simple moving average is $146.98 and its 200-day simple moving average is $133.28.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.09 billion. During the same period last year, the company earned $1.96 EPS. The firm'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 research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on J. Weiss Ratings restated a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Saturday, September 27th. Citigroup upped their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. UBS Group upped their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. KeyCorp upped their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

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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