Berger Financial Group Inc Buys 843 Shares of Jacobs Solutions Inc. $J

Berger Financial Group Inc increased its stake in Jacobs Solutions Inc. (NYSE:J) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,667 shares of the company’s stock after purchasing an additional 843 shares during the quarter. Berger Financial Group Inc’s holdings in Jacobs Solutions were worth $5,346,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rossby Financial LCC purchased a new position in shares of Jacobs Solutions in the 1st quarter worth $33,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Jacobs Solutions in the second quarter worth about $44,000. Ransom Advisory Ltd bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at about $53,000. Colonial Trust Advisors bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $51,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock valued at $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.

Wall Street Analysts Forecast Growth

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

Jacobs Solutions Stock Performance

NYSE J opened at $154.81 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $155.90. The business has a 50-day moving average price of $146.98 and a 200-day moving average price of $133.34. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.82 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results 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 period in the previous year, the firm earned $1.96 EPS. The firm’s revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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