Jacobs Solutions Inc. $J Stake Cut by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,173 shares of the company’s stock after selling 7,381 shares during the period. Corient Private Wealth LLC’s holdings in Jacobs Solutions were worth $8,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after buying an additional 243,345 shares during the period. Morgan Stanley raised its stake in Jacobs Solutions by 19.5% during the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after acquiring an additional 552,277 shares during the period. Geode Capital Management LLC raised its stake in Jacobs Solutions by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after acquiring an additional 28,076 shares during the period. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after acquiring an additional 86,677 shares during the last quarter. Finally, Boston Partners lifted its holdings in Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after acquiring an additional 108,134 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

NYSE J opened at $122.32 on Thursday. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The firm has a market capitalization of $14.44 billion, a PE ratio of 37.99, a P/E/G ratio of 1.17 and a beta of 0.69. The company’s 50 day simple moving average is $121.70 and its 200 day simple moving average is $130.28. 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 released its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada purchased 3,601 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $112.56 per share, with a total value of $28,477.68. Following the completion of the acquisition, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 4,257 shares of company stock valued at $477,651. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on J. Wells Fargo & Company decreased their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. KeyCorp cut their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Citigroup upped their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions 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.