Sumitomo Mitsui Trust Group Inc. Sells 17,473 Shares of Jacobs Solutions Inc. $J

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 5.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 307,834 shares of the company’s stock after selling 17,473 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Jacobs Solutions were worth $39,181,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other 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 price of $111.09 per share, with a total value of $400,035.09. Following the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez purchased 403 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the acquisition, the director owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 4,257 shares of company stock valued at $477,651. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $125.77 on Monday. 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 Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company’s 50 day moving average price is $121.62 and its two-hundred day moving average price is $129.52. The company has a market capitalization of $14.85 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal 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 $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 yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on J shares. Truist Financial reduced 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. Royal Bank Of Canada restated an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Citigroup raised 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. KeyCorp reduced their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Robert W. Baird decreased their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.