Aberdeen Group plc Has $18.91 Million Stock Holdings in Jacobs Solutions Inc. $J

Aberdeen Group plc grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 15.2% during the second quarter, Holdings Channel reports. The firm owned 143,880 shares of the company’s stock after acquiring an additional 19,011 shares during the quarter. Aberdeen Group plc’s holdings in Jacobs Solutions were worth $18,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at about $33,000. Costello Asset Management INC bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $44,000. Ransom Advisory Ltd bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $53,000. Finally, Colonial Trust Advisors bought a new stake in Jacobs Solutions in the 1st quarter valued at about $51,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial boosted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Citigroup boosted their target price 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 reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $157.71.

Jacobs Solutions Stock Performance

Shares of J opened at $158.00 on Wednesday. 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 stock has a 50 day moving average price of $148.82 and a two-hundred day moving average price of $134.93. The firm has a market capitalization 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.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders 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 dividend 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.