Hsbc Holdings PLC Has $30.89 Million Position in Jacobs Solutions Inc. $J

Hsbc Holdings PLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 232,708 shares of the company’s stock after acquiring an additional 6,419 shares during the period. Hsbc Holdings PLC’s holdings in Jacobs Solutions were worth $30,885,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Jacobs Solutions during the third quarter worth $27,000. Princeton Global Asset Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $30,000. Central Pacific Bank Trust Division acquired a new position in Jacobs Solutions in the 4th quarter worth about $31,000. Wealth Watch Advisors INC acquired a new position in Jacobs Solutions in the 3rd quarter worth about $33,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth about $38,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert V. Pragada bought 3,601 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel J. Fernandez bought 253 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 4,257 shares of company stock valued at $477,651 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $122.32 on Thursday. The stock has a market capitalization of $14.44 billion, a P/E ratio of 37.99, a P/E/G ratio of 1.17 and a beta of 0.69. The business has a 50-day moving average of $121.70 and a two-hundred day moving average of $130.28. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 44.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on J shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. KeyCorp dropped their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Citigroup lifted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird decreased their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

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.