Princeton Global Asset Management LLC Buys 4,671 Shares of Jacobs Solutions Inc. $J

Princeton Global Asset Management LLC grew its stake in Jacobs Solutions Inc. (NYSE:J) by 2,030.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,901 shares of the company’s stock after buying an additional 4,671 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Jacobs Solutions were worth $624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its position in Jacobs Solutions by 46.4% in the first quarter. Pictet Asset Management Holding SA now owns 185,563 shares of the company’s stock worth $23,618,000 after acquiring an additional 58,846 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in Jacobs Solutions by 24.1% during the first quarter. Union Bancaire Privee UBP SA now owns 19,444 shares of the company’s stock worth $2,475,000 after purchasing an additional 3,780 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Jacobs Solutions by 22.1% in the 1st quarter. OLD National Bancorp IN now owns 32,843 shares of the company’s stock worth $4,180,000 after purchasing an additional 5,951 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Jacobs Solutions in the 1st quarter worth about $764,000. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Jacobs Solutions during the 1st quarter valued at about $72,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the acquisition, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction on Friday, May 15th. The shares were bought 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 approximately $37,076,842.95. This trade represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 4,257 shares of company stock worth $477,651. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company cut 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 lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $153.40.

Jacobs Solutions Trading Up 0.1%

NYSE:J opened at $125.79 on Monday. The firm has a market capitalization of $14.85 billion, a P/E ratio of 39.06, a P/E/G ratio of 1.22 and a beta of 0.69. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average of $121.65 and a 200 day moving average of $130.07. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

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

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders 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 yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

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.