Oppenheimer Asset Management Inc. Increases Position in Jacobs Solutions Inc. $J

Oppenheimer Asset Management Inc. boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,905 shares of the company’s stock after buying an additional 472 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Jacobs Solutions were worth $6,429,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 90.2% in the 1st quarter. GAMMA Investing LLC now owns 2,282 shares of the company’s stock valued at $276,000 after acquiring an additional 1,082 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Jacobs Solutions by 286.7% in the 1st quarter. Golden State Wealth Management LLC now owns 611 shares of the company’s stock valued at $74,000 after acquiring an additional 453 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Jacobs Solutions by 14.5% in the first quarter. Perigon Wealth Management LLC now owns 4,992 shares of the company’s stock valued at $604,000 after purchasing an additional 634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Jacobs Solutions by 21.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock valued at $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in 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 purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Barclays raised their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Truist Financial raised 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. Citigroup raised their price target on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Jacobs Solutions Trading Up 0.9%

Shares of J stock opened at $160.99 on Tuesday. The business’s 50 day moving average is $150.87 and its two-hundred day moving average is $137.77. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The company has a market capitalization of $19.24 billion, a P/E ratio of 40.15, a price-to-earnings-growth ratio of 1.88 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.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating 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 firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $1.96 EPS. Jacobs Solutions’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 analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued 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 payout ratio is presently 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.