Asset Management One Co. Ltd. Purchases 6,320 Shares of Jacobs Solutions Inc. $J

Asset Management One Co. Ltd. lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,348 shares of the company’s stock after acquiring an additional 6,320 shares during the period. Asset Management One Co. Ltd. owned approximately 0.07% of Jacobs Solutions worth $10,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd increased its position in shares of Jacobs Solutions by 17.1% during the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Jacobs Solutions by 1.3% in the 2nd 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. grew its position in Jacobs Solutions by 5.3% in the 1st 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. grew its position in Jacobs Solutions by 0.6% in the 1st 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 grew its position in Jacobs Solutions by 0.4% in the 1st 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. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Jacobs Solutions Trading Up 0.9%

Shares of Jacobs Solutions stock opened at $160.99 on Tuesday. The company has a market capitalization of $19.24 billion, a P/E ratio of 40.15, a P/E/G ratio of 1.88 and a beta of 0.81. 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 company has a fifty day moving average of $150.87 and a 200 day moving average of $137.77. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. Jacobs Solutions’s quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend 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%.

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.