New England Research & Management Inc. Purchases Shares of 11,268 Jacobs Solutions Inc. $J

New England Research & Management Inc. purchased a new position in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,268 shares of the company’s stock, valued at approximately $1,493,000.

A number of other hedge funds have also recently modified their holdings of J. Forum Financial Management LP boosted its holdings in shares of 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 purchasing an additional 63 shares during the period. Harfst & Associates Inc. grew its stake in shares of Jacobs Solutions by 0.5% in the third quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after purchasing an additional 64 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Jacobs Solutions by 3.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after purchasing an additional 66 shares during the period. Blue Trust Inc. increased its holdings in Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after purchasing an additional 70 shares during the period. Finally, TD Private Client Wealth LLC raised its position in Jacobs Solutions by 1.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,421 shares of the company’s stock valued at $1,112,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In related news, President Shannon Miller sold 1,440 shares of Jacobs Solutions stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the completion of the transaction, the president directly owned 25,344 shares of the company’s stock, valued at $3,399,390.72. This trade represents a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Wells Fargo & Company upped their target price on Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group initiated coverage on Jacobs Solutions in a research note on Monday, November 24th. They issued a “buy” rating and a $158.00 price target for the company. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.

Jacobs Solutions Trading Up 0.2%

NYSE J opened at $128.28 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The firm has a market capitalization of $15.07 billion, a PE ratio of 35.14, a P/E/G ratio of 1.33 and a beta of 0.78. The stock’s 50 day moving average is $136.80 and its 200 day moving average is $142.63.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 20th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is 39.45%.

About Jacobs Solutions

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.