Occidental Asset Management LLC Grows Stake in Jacobs Solutions Inc. $J

Occidental Asset Management LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 28,457 shares of the company’s stock after buying an additional 998 shares during the period. Occidental Asset Management LLC’s holdings in Jacobs Solutions were worth $3,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Jacobs Solutions in the 1st quarter valued at approximately $43,251,000. Vontobel Holding Ltd. grew its stake in shares of Jacobs Solutions by 639.3% in the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company’s stock valued at $41,375,000 after buying an additional 295,957 shares during the period. GAMMA Investing LLC grew its stake in shares of Jacobs Solutions by 22,889.3% in the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company’s stock valued at $33,350,000 after buying an additional 274,671 shares during the period. SG Americas Securities LLC grew its stake in shares of Jacobs Solutions by 1,098.2% in the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company’s stock valued at $27,420,000 after buying an additional 207,886 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of Jacobs Solutions by 9.5% in the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company’s stock valued at $263,171,000 after buying an additional 188,852 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup increased their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. KeyCorp increased their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $150.76 on Tuesday. The firm has a market cap of $18.02 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. 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 company’s 50 day moving average is $145.07 and its two-hundred day moving average is $131.68.

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, topping analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion for 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 firm’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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