Ninety One UK Ltd Acquires 372,275 Shares of Jacobs Solutions Inc. $J

Ninety One UK Ltd increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 17.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,549,219 shares of the company’s stock after purchasing an additional 372,275 shares during the quarter. Ninety One UK Ltd’s holdings in Jacobs Solutions were worth $335,095,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fulton Bank N.A. raised its stake in Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company’s stock worth $1,127,000 after acquiring an additional 74 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Jacobs Solutions by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company’s stock worth $136,000 after acquiring an additional 78 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock worth $255,000 after acquiring an additional 87 shares during the last quarter. Tlwm raised its stake in Jacobs Solutions by 1.7% in the 1st quarter. Tlwm now owns 6,225 shares of the company’s stock worth $753,000 after acquiring an additional 105 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock worth $510,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J opened at $149.98 on Wednesday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. 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 firm has a market cap of $17.93 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.02 and a beta of 0.79. The firm’s fifty day moving average is $146.30 and its two-hundred day moving average is $132.70.

Jacobs Solutions (NYSE:J) last posted 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 net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $1.96 EPS. The company’s revenue for the quarter 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 expect 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 paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is presently 31.92%.

Analyst Upgrades and Downgrades

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

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.