Cerro Pacific Wealth Advisors LLC Has $378,000 Holdings in Jacobs Solutions Inc. $J

Cerro Pacific Wealth Advisors LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 32.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,877 shares of the company’s stock after acquiring an additional 703 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of J. Ninety One UK Ltd boosted its stake in Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after buying an additional 372,275 shares in the last quarter. Nuveen LLC bought a new position in Jacobs Solutions in the first quarter valued at about $43,251,000. Vontobel Holding Ltd. raised its position in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company’s stock valued at $41,375,000 after purchasing an additional 295,957 shares during the last quarter. Teacher Retirement System of Texas raised its position in Jacobs Solutions by 203.3% in the first quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company’s stock valued at $27,505,000 after purchasing an additional 152,494 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Jacobs Solutions in the first quarter valued at about $17,570,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J opened at $151.02 on Friday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $157.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.81. The business has a 50-day moving average of $148.29 and a 200-day moving average of $134.46.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.09 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’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, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors 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 (DPR) is currently 31.92%.

Analyst Upgrades and Downgrades

Several research firms have commented on J. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Citigroup increased their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday. Finally, UBS Group increased their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.71.

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.