Allspring Global Investments Holdings LLC Purchases 32,043 Shares of Jacobs Solutions Inc. $J

Allspring Global Investments Holdings LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,458,958 shares of the company’s stock after acquiring an additional 32,043 shares during the period. Allspring Global Investments Holdings LLC owned 2.05% of Jacobs Solutions worth $326,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Jacobs Solutions in the first quarter worth approximately $33,000. Costello Asset Management INC bought a new position in Jacobs Solutions in the second quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions in the second quarter worth approximately $44,000. Ransom Advisory Ltd bought a new position in Jacobs Solutions in the second quarter worth approximately $53,000. Finally, Colonial Trust Advisors bought a new position in Jacobs Solutions in the first quarter worth approximately $51,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $151.02 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.78 and a beta of 0.81. The stock has a 50 day moving average of $148.29 and a 200 day moving average of $134.54. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $157.89.

Jacobs Solutions (NYSE:J) last issued its quarterly 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 company had revenue of $3.03 billion during the quarter, compared to the consensus estimate 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 was down 28.4% on a year-over-year basis. During the same period last year, the business posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on J. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Truist Financial raised their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp raised their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.71.

Jacobs Solutions 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.