Raiffeisen Bank International AG Grows Stock Position in Jacobs Solutions Inc. $J

Raiffeisen Bank International AG raised its position in Jacobs Solutions Inc. (NYSE:J) by 113.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,163 shares of the company’s stock after acquiring an additional 5,925 shares during the quarter. Raiffeisen Bank International AG’s holdings in Jacobs Solutions were worth $1,382,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Werlinich Asset Management LLC purchased a new stake in Jacobs Solutions in the second quarter valued at approximately $1,652,000. Concurrent Investment Advisors LLC lifted its position in Jacobs Solutions by 19.9% in the second quarter. Concurrent Investment Advisors LLC now owns 5,455 shares of the company’s stock valued at $687,000 after purchasing an additional 907 shares during the period. NEOS Investment Management LLC lifted its holdings in shares of Jacobs Solutions by 5.5% in the 2nd quarter. NEOS Investment Management LLC now owns 18,090 shares of the company’s stock valued at $2,279,000 after buying an additional 940 shares during the period. Waycross Investment Management Co lifted its holdings in shares of Jacobs Solutions by 3.1% in the 2nd quarter. Waycross Investment Management Co now owns 6,488 shares of the company’s stock valued at $817,000 after buying an additional 196 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $28,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

J has been the subject of several research analyst reports. Truist Financial dropped their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. UBS Group upped their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Royal Bank Of Canada raised their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $153.70.

Jacobs Solutions Trading Down 1.0%

NYSE:J opened at $146.11 on Friday. The company has a market cap of $17.25 billion, a PE ratio of 51.81, a P/E/G ratio of 2.12 and a beta of 0.70. 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 is $138.52 and its two-hundred day moving average is $130.46. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company earned $1.62 EPS. The company’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, analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. 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 dividend payout ratio is currently 51.06%.

Insider Buying and Selling

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

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.