Jacobs Solutions Inc. $J Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 37.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,166 shares of the company’s stock after selling 4,977 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Jacobs Solutions were worth $1,073,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jump Financial LLC increased its holdings in Jacobs Solutions by 84.8% in the 1st quarter. Jump Financial LLC now owns 3,051 shares of the company’s stock worth $369,000 after acquiring an additional 1,400 shares in the last quarter. Comerica Bank grew its position in shares of Jacobs Solutions by 20.4% in the first quarter. Comerica Bank now owns 44,387 shares of the company’s stock valued at $5,366,000 after purchasing an additional 7,529 shares during the period. FORA Capital LLC purchased a new stake in shares of Jacobs Solutions during the first quarter worth about $1,986,000. BNP Paribas Financial Markets increased its stake in shares of Jacobs Solutions by 4.0% during the first quarter. BNP Paribas Financial Markets now owns 235,844 shares of the company’s stock worth $28,511,000 after purchasing an additional 9,056 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of Jacobs Solutions during the 1st quarter worth about $147,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Venkatesh Nathamuni purchased 750 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $135.11 per share, with a total value of $101,332.50. Following the transaction, the chief financial officer owned 20,785 shares in the company, valued at $2,808,261.35. This represents a 3.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez acquired 763 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the acquisition, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. The trade was a 7.93% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 2,513 shares of company stock valued at $335,878 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on J shares. Baird R W cut Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. KeyCorp raised their target price on Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. The Goldman Sachs Group initiated coverage on Jacobs Solutions in a research report on Monday, November 24th. They set a “buy” rating and a $158.00 price target for the company. Truist Financial reduced their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Finally, Wells Fargo & Company lowered their target price on shares of Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.90.

Jacobs Solutions Price Performance

NYSE:J opened at $136.11 on Thursday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The stock has a market cap of $16.07 billion, a PE ratio of 56.24, a P/E/G ratio of 1.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $145.53 and a 200 day moving average price of $143.47.

Jacobs Solutions (NYSE:J) last issued its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s payout ratio is 52.89%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.