Cwm LLC Grows Position in Jacobs Solutions Inc. $J

Cwm LLC lifted its position in Jacobs Solutions Inc. (NYSE:J) by 11.4% during the 2nd quarter, Holdings Channel reports. The firm owned 180,221 shares of the company’s stock after acquiring an additional 18,500 shares during the period. Cwm LLC’s holdings in Jacobs Solutions were worth $23,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in J. Rossby Financial LCC purchased a new stake in Jacobs Solutions during the 1st quarter valued at $33,000. Costello Asset Management INC bought a new position in shares of Jacobs Solutions during the second quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Jacobs Solutions during the second quarter worth about $44,000. Colonial Trust Advisors bought a new stake in shares of Jacobs Solutions in the first quarter worth about $51,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Jacobs Solutions in the second quarter worth about $53,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

J has been the subject of a number of recent analyst reports. UBS Group upped 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. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Truist Financial boosted their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, Citigroup raised their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.71.

Jacobs Solutions Price Performance

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

Jacobs Solutions (NYSE:J) last announced 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 analysts’ expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company’s quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio 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.