DAVENPORT & Co LLC Purchases 459 Shares of Jacobs Solutions Inc. $J

DAVENPORT & Co LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,235 shares of the company’s stock after purchasing an additional 459 shares during the period. DAVENPORT & Co LLC’s holdings in Jacobs Solutions were worth $2,660,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of J. Rossby Financial LCC bought a new position in shares of Jacobs Solutions in the first quarter valued at approximately $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions in the 2nd quarter valued at $44,000. Colonial Trust Advisors bought a new position in shares of Jacobs Solutions in the first quarter valued at about $51,000. Ransom Advisory Ltd bought a new position in shares of Jacobs Solutions in the second quarter valued at about $53,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Jacobs Solutions by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock valued at $64,000 after buying an additional 164 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.3%

NYSE J opened at $157.33 on Thursday. The stock has a 50-day simple moving average of $147.79 and a 200 day simple moving average of $133.97. The company has a market capitalization of $18.81 billion, a PE ratio of 39.23, a P/E/G ratio of 1.83 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 Inc. has a 12 month low of $106.23 and a 12 month high of $157.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating 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 analysts’ expectations of $3.09 billion. During the same period in the prior year, the business posted $1.96 EPS. Jacobs Solutions’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. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS 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. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

J has been the subject of a number of research analyst reports. KeyCorp boosted their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Truist Financial boosted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday. Finally, UBS Group boosted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, 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.