iSAM Funds UK Ltd bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,313 shares of the company’s stock, valued at approximately $1,396,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Godsey & Gibb Inc. boosted its position in shares of Jacobs Solutions by 121.0% during the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares during the period. Geneos Wealth Management Inc. grew its holdings in Jacobs Solutions by 65.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock worth $33,000 after buying an additional 87 shares in the last quarter. Wealth Watch Advisors INC bought a new position in Jacobs Solutions in the 3rd quarter worth approximately $33,000. Finally, First Horizon Corp bought a new stake in Jacobs Solutions during the 3rd quarter valued at $34,000. Institutional investors own 85.65% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on J. Robert W. Baird lowered Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Wells Fargo & Company raised their price target on Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Truist Financial cut their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Citigroup reduced their price objective on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Finally, Bank of America decreased their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.
Jacobs Solutions Stock Performance
J opened at $128.01 on Friday. The business has a 50 day moving average price of $137.76 and a two-hundred day moving average price of $143.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.34 and a beta of 0.78. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.
Jacobs Solutions Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 39.45%.
Insider Buying and Selling
In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the sale, the president directly owned 25,344 shares in the company, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.
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.
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