Canal Insurance CO Takes $1.27 Million Position in Jacobs Solutions Inc. $J

Canal Insurance CO purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the first quarter, HoldingsChannel reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $1,273,000.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in Jacobs Solutions by 92.3% during the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after buying an additional 3,226 shares during the period. Woodline Partners LP increased its stake in shares of Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock valued at $1,252,000 after buying an additional 2,891 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at about $321,000. Baird Financial Group Inc. raised its position in shares of Jacobs Solutions by 1.7% during the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after acquiring an additional 248 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after acquiring an additional 2,556 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

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

Jacobs Solutions Price Performance

Shares of J opened at $126.61 on Tuesday. The firm has a market cap of $14.95 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The business’s 50 day moving average price is $121.56 and its two-hundred day moving average price is $129.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

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

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is currently 44.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, May 19th. KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Truist Financial dropped their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company reduced 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 note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.10.

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.