Rakuten Investment Management Inc. Acquires Shares of 29,552 Jacobs Solutions Inc. $J

Rakuten Investment Management Inc. bought a new position in Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 29,552 shares of the company’s stock, valued at approximately $4,429,000.

Several other large investors have also recently modified their holdings of the stock. Forum Financial Management LP boosted its stake in Jacobs Solutions by 2.0% during the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock worth $477,000 after buying an additional 63 shares during the period. Harfst & Associates Inc. lifted its holdings in shares of Jacobs Solutions by 0.5% in the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock worth $104,000 after purchasing an additional 70 shares during the period. D.A. Davidson & CO. grew its holdings in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock valued at $584,000 after purchasing an additional 71 shares during the last quarter. Finally, Huntington National Bank raised its position in Jacobs Solutions by 3.8% in the 2nd quarter. Huntington National Bank now owns 2,010 shares of the company’s stock worth $264,000 after purchasing an additional 73 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In related news, Director Manuel J. Fernandez bought 763 shares of the company’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $130.78 per share, with a total value of $99,785.14. Following the transaction, the director owned 10,380 shares of the company’s stock, valued at $1,357,496.40. The trade was a 7.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Venkatesh Nathamuni purchased 750 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the completion of the acquisition, the chief financial officer directly owned 20,785 shares in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,513 shares of company stock valued at $335,878 over the last ninety days. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on J. Wells Fargo & Company dropped their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. Barclays boosted their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wall Street Zen upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. KeyCorp boosted their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Citigroup cut their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.90.

Jacobs Solutions Trading Up 1.1%

Shares of NYSE J opened at $140.00 on Friday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The firm has a market cap of $16.53 billion, a PE ratio of 57.85, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The business has a fifty day simple moving average of $137.33 and a two-hundred day simple moving average of $144.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61.

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

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 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.