Jacobs Solutions Inc. $J Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC lowered its position in shares of Jacobs Solutions Inc. (NYSE:J) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,652 shares of the company’s stock after selling 258 shares during the period. HMS Capital Management LLC’s holdings in Jacobs Solutions were worth $743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Rossby Financial LCC acquired a new stake in shares of Jacobs Solutions during the first quarter worth about $33,000. Whipplewood Advisors LLC increased its position in shares of Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after purchasing an additional 354 shares in the last quarter. Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions during the first quarter worth about $51,000. Catalyst Capital Advisors LLC increased its position in shares of Jacobs Solutions by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company’s stock worth $64,000 after purchasing an additional 164 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Jacobs Solutions by 286.7% during the first quarter. Golden State Wealth Management LLC now owns 611 shares of the company’s stock worth $74,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $146.72 on Friday. The stock has a market capitalization of $17.54 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. The stock’s 50-day moving average price is $143.41 and its 200 day moving average price is $130.67. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J) last released 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 company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’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. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions’s payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. KeyCorp boosted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

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.