Stratos Wealth Advisors LLC Cuts Stake in Jacobs Solutions Inc. $J

Stratos Wealth Advisors LLC lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,992 shares of the company’s stock after selling 271 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $1,051,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of J. Allianz Asset Management GmbH raised its holdings in shares of Jacobs Solutions by 125.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 10,520 shares of the company’s stock valued at $1,383,000 after buying an additional 5,863 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $1,787,000. NorthRock Partners LLC lifted its position in shares of Jacobs Solutions by 11.4% during the second quarter. NorthRock Partners LLC now owns 2,696 shares of the company’s stock worth $354,000 after purchasing an additional 276 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at $471,000. Finally, Vest Financial LLC grew its holdings in Jacobs Solutions by 32.9% during the 2nd quarter. Vest Financial LLC now owns 31,422 shares of the company’s stock valued at $4,130,000 after purchasing an additional 7,780 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.4%

Shares of Jacobs Solutions stock opened at $155.37 on Friday. 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 business has a 50-day moving average price of $149.42 and a 200 day moving average price of $135.65. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $161.99. The firm has a market cap of $18.57 billion, a P/E ratio of 38.75, a P/E/G ratio of 1.83 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 the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $1.96 EPS. The business’s revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm 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 was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Jacobs Solutions’s payout ratio is presently 31.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup boosted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday, July 28th. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. KeyCorp increased their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Truist Financial lifted their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.71.

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.