Inspire Trust Co. N.A. Buys 6,500 Shares of Jacobs Solutions Inc. $J

Inspire Trust Co. N.A. grew its stake in Jacobs Solutions Inc. (NYSE:J) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,500 shares of the company’s stock after acquiring an additional 6,500 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Jacobs Solutions were worth $5,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after purchasing an additional 28,076 shares in the last quarter. Ninety One UK Ltd increased its stake in Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after purchasing an additional 86,677 shares in the last quarter. Boston Partners increased its stake in Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after purchasing an additional 108,134 shares in the last quarter. Bank of America Corp DE increased its stake in Jacobs Solutions by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock worth $310,330,000 after purchasing an additional 178,753 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Jacobs Solutions by 15.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock worth $230,406,000 after purchasing an additional 210,474 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citigroup upped their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, KeyCorp reduced their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.40.

Jacobs Solutions Trading Up 2.6%

NYSE:J opened at $118.91 on Friday. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. 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 50 day moving average price of $123.61 and a two-hundred day moving average price of $132.86. The company has a market cap of $14.04 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73.

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, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, analysts expect that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio is 44.72%.

Insiders Place Their Bets

In other news, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction 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 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Shannon Miller sold 1,440 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought a total of 4,257 shares of company stock valued at $477,651 in the last quarter. 0.48% of the stock is currently owned by insiders.

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.