Jacobs Solutions Inc. $J Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,401 shares of the company’s stock after selling 137 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Jacobs Solutions were worth $3,208,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rossby Financial LCC acquired a new stake in shares of Jacobs Solutions in the first quarter valued at about $33,000. Costello Asset Management INC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at about $44,000. Ransom Advisory Ltd acquired a new position in Jacobs Solutions during the second quarter worth about $53,000. Finally, Colonial Trust Advisors acquired a new position in Jacobs Solutions during the first quarter worth about $51,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Jacobs Solutions Price Performance

Shares of J stock opened at $158.00 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s 50-day moving average is $148.82 and its two-hundred day moving average is $134.93. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $158.04. The company has a market capitalization of $18.89 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its earnings results 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 company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. Jacobs Solutions’s quarterly revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

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.