Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Jacobs Solutions Inc. $J

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, HoldingsChannel reports. The fund purchased 294,016 shares of the company’s stock, valued at approximately $37,046,000.

A number of other institutional investors have also modified their holdings of J. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at approximately $27,000. Wealth Watch Advisors INC purchased a new stake in Jacobs Solutions in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $38,000. Torren Management LLC acquired a new position in Jacobs Solutions in the 4th quarter valued at $41,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Jacobs Solutions in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Up 3.3%

J stock opened at $147.56 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 1.38 and a beta of 0.68. The business has a fifty day simple moving average of $132.30 and a 200-day simple moving average of $129.68. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities research analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s payout ratio is currently 51.06%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. KeyCorp decreased their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Truist Financial lowered their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Six investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

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.