Mendota Financial Group LLC Has $82,000 Holdings in Jacobs Solutions Inc. $J

Mendota Financial Group LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 627 shares of the company’s stock after selling 104 shares during the quarter. Mendota Financial Group LLC’s holdings in Jacobs Solutions were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd increased its stake in shares of Jacobs Solutions by 17.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares during the last quarter. Invesco Ltd. grew its holdings in Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock valued at $259,560,000 after purchasing an additional 108,366 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Jacobs Solutions by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company’s stock valued at $94,635,000 after purchasing an additional 4,931 shares in the last quarter. AQR Capital Management LLC raised its holdings in Jacobs Solutions by 0.4% in the first quarter. AQR Capital Management LLC now owns 763,552 shares of the company’s stock worth $91,687,000 after purchasing an additional 3,250 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Jacobs Solutions by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company’s stock worth $81,674,000 after purchasing an additional 1,772 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on J shares. UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Citigroup boosted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. 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 company an “overweight” rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Trading Up 1.1%

NYSE:J opened at $154.17 on Friday. The company has a market cap of $18.43 billion, a P/E ratio of 38.45, a price-to-earnings-growth ratio of 1.80 and a beta of 0.81. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $154.36. The business has a 50 day moving average price of $146.75 and a two-hundred day moving average price of $133.06. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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