Jacobs Solutions Inc. $J Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 84.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,846 shares of the company’s stock after selling 15,118 shares during the period. Strs Ohio’s holdings in Jacobs Solutions were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Covestor Ltd raised its holdings in Jacobs Solutions by 107.6% in the third quarter. Covestor Ltd now owns 4,011 shares of the company’s stock valued at $601,000 after acquiring an additional 2,079 shares in the last quarter. Boston Common Asset Management LLC grew its holdings in Jacobs Solutions by 3.0% during the 3rd quarter. Boston Common Asset Management LLC now owns 22,352 shares of the company’s stock worth $3,350,000 after acquiring an additional 651 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at about $4,429,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Jacobs Solutions by 2.9% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 98,981 shares of the company’s stock worth $14,833,000 after purchasing an additional 2,819 shares during the last quarter. Finally, HMS Capital Management LLC lifted its position in shares of Jacobs Solutions by 1.6% during the third quarter. HMS Capital Management LLC now owns 5,744 shares of the company’s stock worth $861,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.6%

Shares of NYSE:J opened at $135.46 on Friday. The company has a market cap of $16.00 billion, a PE ratio of 55.98, a P/E/G ratio of 1.48 and a beta of 0.81. The company’s 50-day moving average price is $136.53 and its 200 day moving average price is $144.74. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 52.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on J. Royal Bank Of Canada lowered their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, November 21st. The Goldman Sachs Group initiated coverage on shares of Jacobs Solutions in a research note on Monday, November 24th. They set a “buy” rating and a $158.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Barclays raised their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, KeyCorp boosted their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $156.60.

Insider Activity

In related news, Director Peter J. Robertson bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $134,760. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manuel J. Fernandez purchased 763 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the transaction, the director directly owned 10,380 shares in the company, valued at $1,357,496.40. This represents a 7.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,513 shares of company stock valued at $335,878. 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.