TD Asset Management Inc Has $7.81 Million Stake in Jacobs Solutions Inc. $J

TD Asset Management Inc decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 9.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 59,400 shares of the company’s stock after selling 6,269 shares during the period. TD Asset Management Inc’s holdings in Jacobs Solutions were worth $7,808,000 at the end of the most recent quarter.

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

Jacobs Solutions Stock Performance

Shares of J opened at $155.37 on Monday. 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 Inc. has a twelve month low of $106.23 and a twelve month high of $161.99. The firm’s 50 day moving average price is $149.42 and its two-hundred day moving average price is $135.77. The firm has a market cap of $18.57 billion, a P/E ratio of 38.75, a PEG ratio of 1.83 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a report on Monday, July 28th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group lifted their price target 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. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.71.

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.