Jacobs Solutions Inc. $J Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,418 shares of the company’s stock after selling 8,712 shares during the quarter. Raymond James Financial Inc. owned approximately 0.14% of Jacobs Solutions worth $20,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of J. Colonial Trust Co SC raised its stake in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the period. Rossby Financial LCC acquired a new stake in Jacobs Solutions during the first quarter worth about $33,000. Whipplewood Advisors LLC raised its stake in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after acquiring an additional 354 shares during the period. Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after acquiring an additional 190 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock worth $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 Price Performance

NYSE J opened at $148.25 on Wednesday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $17.72 billion, a PE ratio of 36.97, a P/E/G ratio of 2.00 and a beta of 0.79. The company’s 50 day simple moving average is $139.30 and its 200 day simple moving average is $129.23.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $1.96 earnings per share. The business’s revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 31.92%.

Analyst Ratings Changes

Several research firms recently weighed in on J. Citigroup increased their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Truist Financial lifted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, KeyCorp lifted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.25.

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.