8,532 Shares in Jacobs Solutions Inc. $J Bought by Hilltop National Bank

Hilltop National Bank bought a new position in Jacobs Solutions Inc. (NYSE:J) during the second quarter, HoldingsChannel reports. The fund bought 8,532 shares of the company’s stock, valued at approximately $1,122,000.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,457 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock worth $15,379,000 after purchasing an additional 3,451 shares during the period. Gibraltar Capital Management Inc. raised its holdings in Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock worth $6,770,000 after purchasing an additional 6,824 shares during the period. DAVENPORT & Co LLC raised its holdings in Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock worth $2,391,000 after purchasing an additional 2,222 shares during the period. Finally, FORA Capital LLC bought a new position in Jacobs Solutions in the 1st quarter worth $1,986,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 1.1%

Shares of J stock opened at $154.17 on Friday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $154.36. 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 stock’s 50-day moving average price is $146.75 and its 200-day moving average price is $133.06. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 1.80 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (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 firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’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. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal 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. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions’s payout ratio is 31.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on J shares. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp raised 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. Finally, Citigroup raised their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Company 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.