4,242 Shares in Jacobs Solutions Inc. $J Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,242 shares of the company’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth $531,000. Focus Partners Advisor Solutions LLC grew its stake in shares of Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after purchasing an additional 2,548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Jacobs Solutions by 4.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,457 shares of the company’s stock valued at $43,701,000 after acquiring an additional 15,291 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Jacobs Solutions by 8.7% in the second quarter. Asset Management One Co. Ltd. now owns 79,348 shares of the company’s stock valued at $10,430,000 after acquiring an additional 6,320 shares in the last quarter. Finally, Forum Financial Management LP boosted its stake in Jacobs Solutions by 6.0% in the second quarter. Forum Financial Management LP now owns 3,123 shares of the company’s stock valued at $411,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on J shares. UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Truist Financial upped their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. KeyCorp upped their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Barclays upped their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Jacobs Solutions Stock Down 0.8%

J stock opened at $159.43 on Monday. The company’s 50 day simple moving average is $150.59 and its 200-day simple moving average is $137.47. The firm has a market capitalization of $19.06 billion, a PE ratio of 39.76, a P/E/G ratio of 1.88 and a beta of 0.81. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44. 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 quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given 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 is currently 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.