4,242 Shares in Jacobs Solutions Inc. $J Acquired by Ingalls & Snyder LLC

Ingalls & Snyder LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,242 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds have also recently bought and sold shares of J. Rossby Financial LCC acquired a new stake in Jacobs Solutions during the first quarter worth approximately $33,000. Costello Asset Management INC acquired a new stake in Jacobs Solutions during the second quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Jacobs Solutions during the second quarter worth approximately $44,000. Colonial Trust Advisors purchased a new position in Jacobs Solutions during the first quarter worth approximately $51,000. Finally, Ransom Advisory Ltd purchased a new position in Jacobs Solutions during the second quarter worth approximately $53,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group increased their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Citigroup increased their price target on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Barclays increased their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Jacobs Solutions Trading Down 0.8%

NYSE:J opened at $159.43 on Monday. The business’s 50-day moving average is $150.59 and its two-hundred day moving average is $137.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44. The firm has a market capitalization of $19.06 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating 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 analyst estimates of $3.09 billion. During the same period last year, the company posted $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. Research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared 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 payout ratio is 31.92%.

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.