SG Americas Securities LLC Purchases 394,037 Shares of Jacobs Solutions Inc. $J

SG Americas Securities LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 289.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 530,083 shares of the company’s stock after acquiring an additional 394,037 shares during the quarter. SG Americas Securities LLC’s holdings in Jacobs Solutions were worth $67,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after purchasing an additional 1,184,068 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Jacobs Solutions by 246.3% during the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock valued at $177,324,000 after buying an additional 952,151 shares during the last quarter. L1 Capital International Pty Ltd grew its holdings in shares of Jacobs Solutions by 363.6% during the fourth quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock valued at $95,839,000 after buying an additional 567,478 shares during the last quarter. Morgan Stanley increased its holdings in Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after buying an additional 552,277 shares during the period. Finally, AQR Capital Management LLC lifted its position in Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after purchasing an additional 525,291 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 2.0%

Shares of J opened at $118.58 on Tuesday. The firm has a market cap of $14.00 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company’s 50-day moving average price is $121.80 and its 200 day moving average price is $130.53. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company 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%. Jacobs Solutions’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on J shares. Citigroup lifted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Robert W. Baird lowered their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. 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 cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

Insider Activity at Jacobs Solutions

In related news, Director Manuel J. Fernandez acquired 403 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $121.93 per share, with a total value of $49,137.79. Following the transaction, the director owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions 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.