Jacobs Solutions Inc. $J Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,202,807 shares of the company’s stock after selling 276,582 shares during the quarter. Lazard Asset Management LLC’s holdings in Jacobs Solutions were worth $153,093,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. OMERS ADMINISTRATION Corp lifted its holdings in shares of Jacobs Solutions by 29.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,862 shares of the company’s stock valued at $746,000 after buying an additional 1,332 shares during the period. Lombard Odier Asset Management Switzerland SA acquired a new position in Jacobs Solutions during the first quarter worth about $655,000. Waverly Advisors LLC grew its holdings in Jacobs Solutions by 3.3% during the first quarter. Waverly Advisors LLC now owns 5,192 shares of the company’s stock worth $661,000 after acquiring an additional 168 shares during the period. Renaissance Technologies LLC raised its position in Jacobs Solutions by 68.8% in the first quarter. Renaissance Technologies LLC now owns 390,000 shares of the company’s stock worth $49,639,000 after acquiring an additional 159,000 shares in the last quarter. Finally, State of Wyoming raised its position in Jacobs Solutions by 57.0% in the first quarter. State of Wyoming now owns 4,587 shares of the company’s stock worth $584,000 after acquiring an additional 1,665 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.0%

Shares of NYSE J opened at $134.57 on Monday. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 41.79, a P/E/G ratio of 1.30 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 business has a fifty day simple moving average of $123.84 and a 200-day simple moving average of $129.20.

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 analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.Jacobs Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

Insider Activity

In other news, Director Manuel J. Fernandez purchased 403 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired 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 directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. The trade was a 3.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 4,257 shares of company stock valued at $477,651. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on J shares. Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $169.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Citigroup boosted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird cut their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.30.

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.