Pasadena Private Wealth LLC Has $585,000 Position in Jacobs Solutions Inc. $J

Pasadena Private Wealth LLC reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,447 shares of the company’s stock after selling 600 shares during the period. Pasadena Private Wealth LLC’s holdings in Jacobs Solutions were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the first quarter worth about $33,000. Costello Asset Management INC acquired a new position in shares of Jacobs Solutions during the second quarter worth about $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth about $44,000. Colonial Trust Advisors acquired a new position in shares of Jacobs Solutions during the first quarter worth about $51,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Jacobs Solutions during the second quarter worth about $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $159.43 on Monday. The stock has a 50 day moving average price of $150.59 and a 200 day moving average price of $137.47. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $19.06 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data 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. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Wall Street Analyst Weigh In

J has been the subject of several recent research reports. KeyCorp upped their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays upped their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Saturday. Citigroup increased their price target on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Truist Financial increased their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.