Fiduciary Family Office LLC Acquires New Stake in Jacobs Solutions Inc. $J

Fiduciary Family Office LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, Holdings Channel reports. The firm acquired 1,597 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds have also made changes to their positions in J. Mirae Asset Global Investments Co. Ltd. grew its position in Jacobs Solutions by 21.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after buying an additional 2,457 shares during the last quarter. Gibraltar Capital Management Inc. lifted its position in shares of Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock valued at $6,770,000 after acquiring an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC boosted its stake 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 worth $2,391,000 after acquiring an additional 2,222 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Jacobs Solutions in the 1st quarter worth $1,986,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Jacobs Solutions by 12.8% in the 1st quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company’s stock worth $2,959,000 after acquiring an additional 2,571 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. Truist Financial lifted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Barclays lifted their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup lifted their target price on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Finally, KeyCorp lifted their target price on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Six 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Jacobs Solutions Trading Up 1.2%

Jacobs Solutions stock opened at $164.52 on Wednesday. The company has a 50 day moving average price of $150.01 and a 200 day moving average price of $136.32. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $166.22. 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 firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 1.91 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion during 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 company’s revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. Jacobs Solutions’s dividend payout ratio (DPR) is 31.92%.

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.