Strs Ohio Makes New Investment in Jacobs Solutions Inc. $J

Strs Ohio purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,425 shares of the company’s stock, valued at approximately $1,865,000.

Other large investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at about $33,000. Whipplewood Advisors LLC grew its holdings in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after buying an additional 354 shares during the last quarter. Colonial Trust Advisors purchased a new position in Jacobs Solutions during the first quarter worth $51,000. Catalyst Capital Advisors LLC increased its position 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 buying an additional 164 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Jacobs Solutions by 286.7% in the first quarter. Golden State Wealth Management LLC now owns 611 shares of the company’s stock worth $74,000 after acquiring an additional 453 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.4%

Shares of Jacobs Solutions stock opened at $146.16 on Wednesday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.99 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 has a fifty day moving average price of $143.97 and a 200 day moving average price of $130.93.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The firm’s quarterly 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 forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

A number of analysts recently commented on J shares. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Citigroup raised their price target 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. UBS Group lifted 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. Finally, KeyCorp increased their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Six 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 company currently has a consensus rating of “Moderate Buy” and an average 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.