Callan Family Office LLC Makes New $1.65 Million Investment in Jacobs Solutions Inc. $J

Callan Family Office LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, HoldingsChannel reports. The fund purchased 13,085 shares of the company’s stock, valued at approximately $1,649,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Jacobs Solutions during the second quarter valued at approximately $1,372,610,000. State Street Corp grew its stake in Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after acquiring an additional 243,345 shares during the period. Morgan Stanley grew its stake 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 acquiring an additional 552,277 shares during the period. Geode Capital Management LLC raised its holdings in Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after acquiring an additional 28,076 shares during the last quarter. Finally, Boston Partners raised its holdings in Jacobs Solutions by 3.7% in the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after acquiring an additional 108,134 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

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

Jacobs Solutions Stock Down 0.2%

Shares of NYSE:J opened at $149.77 on Monday. The stock has a 50-day simple moving average of $133.18 and a 200-day simple moving average of $129.86. The stock has a market capitalization of $17.68 billion, a P/E ratio of 53.11, a PEG ratio of 1.45 and a beta of 0.68. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s payout ratio is presently 51.06%.

Analyst Ratings Changes

Several research firms have recently issued reports on J. UBS Group raised their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Truist Financial dropped their target price 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. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company lowered their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.70.

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.