ZWJ Investment Counsel Inc. Has $30.08 Million Holdings in Jacobs Solutions Inc. $J

ZWJ Investment Counsel Inc. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 228,791 shares of the company’s stock after selling 9,570 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Jacobs Solutions were worth $30,075,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised 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 period. Wealth Enhancement Advisory Services LLC raised 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 worth $15,379,000 after buying an additional 3,451 shares during the period. Gibraltar Capital Management Inc. raised 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 worth $6,770,000 after buying an additional 6,824 shares during the period. DAVENPORT & Co LLC raised 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 worth $2,391,000 after buying an additional 2,222 shares during the period. Finally, FORA Capital LLC acquired a new stake in Jacobs Solutions during the 1st quarter worth $1,986,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on J. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Saturday, September 27th. UBS Group increased their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Citigroup increased their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $154.81 on Friday. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.81 and a beta of 0.81. The business has a 50-day moving average of $146.98 and a 200-day moving average of $133.28. 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 Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $155.90.

Jacobs Solutions (NYSE:J) last announced 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. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 31.92%.

About Jacobs Solutions

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.