Evermay Wealth Management LLC Sells 100 Shares of Jacobs Solutions Inc. $J

Evermay Wealth Management LLC reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,947 shares of the company’s stock after selling 100 shares during the quarter. Evermay Wealth Management LLC’s holdings in Jacobs Solutions were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fulton Bank N.A. increased its holdings in shares of Jacobs Solutions by 0.9% in the second quarter. Fulton Bank N.A. now owns 8,570 shares of the company’s stock valued at $1,127,000 after purchasing an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Jacobs Solutions by 8.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company’s stock valued at $136,000 after acquiring an additional 78 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock valued at $255,000 after acquiring an additional 87 shares in the last quarter. Tlwm lifted its position in shares of Jacobs Solutions by 1.7% in the first quarter. Tlwm now owns 6,225 shares of the company’s stock valued at $753,000 after acquiring an additional 105 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after purchasing an additional 108 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.4%

Jacobs Solutions stock opened at $155.37 on Monday. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $161.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $18.57 billion, a P/E ratio of 38.75, a PEG ratio of 1.83 and a beta of 0.81. The stock has a 50-day simple moving average of $149.42 and a 200-day simple moving average of $135.77.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating 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 business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly 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. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.8%. Jacobs Solutions’s dividend payout ratio is currently 31.92%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research reports. KeyCorp lifted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. UBS Group lifted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Citigroup lifted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.