Sumitomo Mitsui DS Asset Management Company Ltd Purchases 390 Shares of Jacobs Solutions Inc. $J

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,569 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Jacobs Solutions were worth $1,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Rossby Financial LCC bought a new position in Jacobs Solutions in the 1st quarter worth about $33,000. Whipplewood Advisors LLC raised its holdings 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 worth $45,000 after buying an additional 354 shares during the last quarter. Colonial Trust Advisors purchased a new position in shares of Jacobs Solutions in the first quarter worth $51,000. Ransom Advisory Ltd purchased a new position in shares of Jacobs Solutions during the second quarter worth $53,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of 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 purchasing an additional 164 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on J shares. UBS Group raised their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Citigroup lifted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, KeyCorp lifted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $149.05 on Monday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $152.40. The stock has a market capitalization of $17.82 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.03 and a beta of 0.79. The firm’s 50-day moving average is $144.77 and its two-hundred day moving average is $131.50. 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) last released its 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 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 analysts’ expectations of $3.09 billion. During the same period last year, the company earned $1.96 earnings per share. The company’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 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 declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s payout ratio is 31.92%.

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.