HB Wealth Management LLC Sells 365 Shares of Jacobs Solutions Inc. $J

HB Wealth Management LLC reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,273 shares of the company’s stock after selling 365 shares during the period. HB Wealth Management LLC’s holdings in Jacobs Solutions were worth $693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 valued at $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock worth $15,379,000 after purchasing an additional 3,451 shares during the period. Gibraltar Capital Management Inc. grew its stake in shares of Jacobs Solutions by 13.9% during the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock valued at $6,770,000 after buying an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Jacobs Solutions by 12.7% during the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock valued at $2,391,000 after buying an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC bought a new position in shares of Jacobs Solutions during the first quarter valued at about $1,986,000. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup raised their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. KeyCorp raised their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Jacobs Solutions Trading Up 0.5%

Shares of J opened at $154.81 on Friday. The firm’s 50-day moving average price is $146.98 and its 200-day moving average price is $133.34. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.82 and a beta of 0.81. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $155.90.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating 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 analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm posted $1.96 EPS. The business’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. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s payout ratio is 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.