Assenagon Asset Management S.A. Increases Stock Holdings in Jacobs Solutions Inc. $J

Assenagon Asset Management S.A. raised its position in Jacobs Solutions Inc. (NYSE:J) by 2.7% during the second quarter, HoldingsChannel reports. The firm owned 6,162 shares of the company’s stock after purchasing an additional 160 shares during the period. Assenagon Asset Management S.A.’s holdings in Jacobs Solutions were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in shares of Jacobs Solutions during the 1st quarter worth $33,000. Whipplewood Advisors LLC increased its position in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after purchasing an additional 354 shares during the last quarter. Colonial Trust Advisors acquired a new position in Jacobs Solutions in the 1st quarter valued at about $51,000. Ransom Advisory Ltd acquired a new position in Jacobs Solutions in the 2nd quarter valued at about $53,000. Finally, Catalyst Capital Advisors LLC grew its position in Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock valued at $64,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on J. UBS Group lifted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $148.04 on Friday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50 day simple moving average of $145.86 and a 200-day simple moving average of $132.31. The stock has a market capitalization of $17.70 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company’s quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter 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 predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 31.92%.

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.