NorthRock Partners LLC Buys 276 Shares of Jacobs Solutions Inc. $J

NorthRock Partners LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,696 shares of the company’s stock after acquiring an additional 276 shares during the quarter. NorthRock Partners LLC’s holdings in Jacobs Solutions were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of J. Ninety One UK Ltd grew its holdings in shares of Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after purchasing an additional 372,275 shares in the last quarter. Nuveen LLC purchased a new position in shares of Jacobs Solutions in the first quarter valued at $43,251,000. Vontobel Holding Ltd. grew its holdings in shares of Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company’s stock valued at $41,375,000 after purchasing an additional 295,957 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Jacobs Solutions by 203.3% in the first quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company’s stock valued at $27,505,000 after purchasing an additional 152,494 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Jacobs Solutions in the first quarter valued at $17,570,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on J. Citigroup raised their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a report on Monday, July 28th. Truist Financial lifted their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. KeyCorp lifted their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.71.

Jacobs Solutions Stock Down 2.9%

Shares of J opened at $156.04 on Friday. The firm has a market capitalization of $18.65 billion, a P/E ratio of 38.91, a P/E/G ratio of 1.89 and a beta of 0.81. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $161.99. 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 firm has a fifty day moving average price of $149.28 and a 200-day moving average price of $135.34.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.32 dividend. 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 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.