Yousif Capital Management LLC Sells 438 Shares of Jacobs Solutions Inc. $J

Yousif Capital Management LLC decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,447 shares of the company’s stock after selling 438 shares during the quarter. Yousif Capital Management LLC’s holdings in Jacobs Solutions were worth $1,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in J. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,457 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock worth $15,379,000 after purchasing an additional 3,451 shares during the period. Gibraltar Capital Management Inc. boosted its stake in Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock worth $6,770,000 after purchasing an additional 6,824 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock valued at $2,391,000 after acquiring an additional 2,222 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $1,986,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $155.37 on Monday. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 1.83 and a beta of 0.81. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $161.99. The stock’s 50-day moving average is $149.42 and its 200 day moving average is $135.77.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion for 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%.Jacobs Solutions’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same period last 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 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders 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 annualized dividend and a yield of 0.8%. Jacobs Solutions’s payout ratio is presently 31.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on J shares. KeyCorp lifted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Citigroup lifted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.71.

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.