Jacobs Solutions Inc. $J Shares Purchased by Prudent Man Advisors LLC

Prudent Man Advisors LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 15.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,104 shares of the company’s stock after purchasing an additional 1,230 shares during the period. Prudent Man Advisors LLC’s holdings in Jacobs Solutions were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd lifted its position in Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock worth $335,095,000 after purchasing an additional 372,275 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock worth $326,181,000 after purchasing an additional 32,043 shares during the period. Invesco Ltd. lifted its position in Jacobs Solutions by 5.3% in the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after purchasing an additional 108,366 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Jacobs Solutions by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company’s stock worth $94,635,000 after purchasing an additional 4,931 shares during the period. Finally, AQR Capital Management LLC lifted its position in Jacobs Solutions by 0.4% in the first quarter. AQR Capital Management LLC now owns 763,552 shares of the company’s stock worth $91,687,000 after purchasing an additional 3,250 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

NYSE J opened at $159.43 on Friday. The stock has a market capitalization of $19.06 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.88 and a beta of 0.81. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The business’s fifty day moving average is $150.59 and its two-hundred day moving average is $137.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $1.96 EPS. The company’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. On average, 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 announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders 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 payout ratio is 31.92%.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Saturday. KeyCorp upped their target price on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Barclays upped their price target on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Truist Financial upped their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.