Belpointe Asset Management LLC Increases Stock Holdings in Jacobs Solutions Inc. $J

Belpointe Asset Management LLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,172 shares of the company’s stock after buying an additional 339 shares during the quarter. Belpointe Asset Management LLC’s holdings in Jacobs Solutions were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after buying an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 purchasing an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. grew its stake in Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock valued at $6,770,000 after purchasing an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock valued at $2,391,000 after purchasing an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in Jacobs Solutions during the 1st quarter valued at about $1,986,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on J shares. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have given 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 Trading Down 1.4%

Shares of Jacobs Solutions stock opened at $146.72 on Friday. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.02 and a beta of 0.79. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day moving average of $143.41 and a 200 day moving average of $130.67.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is presently 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.