Callan Family Office LLC Raises Stock Position in Jacobs Solutions Inc. $J

Callan Family Office LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 87.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,558 shares of the company’s stock after acquiring an additional 1,662 shares during the period. Callan Family Office LLC’s holdings in Jacobs Solutions were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the first quarter worth $33,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Jacobs Solutions during the 2nd quarter worth $44,000. Colonial Trust Advisors purchased a new position in Jacobs Solutions during the 1st quarter worth $51,000. Ransom Advisory Ltd acquired a new stake in Jacobs Solutions in the second quarter worth about $53,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock worth $64,000 after acquiring an additional 164 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on J. KeyCorp boosted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Truist Financial boosted their price target on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.71.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $158.00 on Wednesday. The business’s 50 day moving average price is $148.82 and its 200 day moving average price is $134.93. The firm has a market cap of $18.89 billion, a P/E ratio of 39.40, a P/E/G ratio of 1.81 and a beta of 0.81. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $158.04. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors 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 yield of 0.8%. Jacobs Solutions’s dividend payout ratio 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.