Generali Asset Management SPA SGR Buys New Stake in Jacobs Solutions Inc. $J

Generali Asset Management SPA SGR bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,595 shares of the company’s stock, valued at approximately $1,787,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its position 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 worth $335,095,000 after acquiring an additional 372,275 shares during the period. Nuveen LLC acquired a new position in shares of Jacobs Solutions in the first quarter worth about $43,251,000. Vontobel Holding Ltd. raised its position 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 worth $41,375,000 after acquiring an additional 295,957 shares during the period. Teacher Retirement System of Texas raised its position 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 worth $27,505,000 after acquiring an additional 152,494 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Jacobs Solutions in the first quarter worth about $17,570,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.4%

Shares of NYSE J opened at $155.37 on Friday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $161.99. The stock has a market cap of $18.57 billion, a PE ratio of 38.75, a P/E/G ratio of 1.84 and a beta of 0.81. 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 company has a 50-day moving average of $149.42 and a 200 day moving average of $135.57.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Jacobs Solutions’s 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. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Jacobs Solutions’s dividend payout ratio is 31.92%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of analyst reports. KeyCorp upped their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Citigroup upped their price target 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. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial upped 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.71.

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.