Jupiter Asset Management Ltd. Acquires Shares of 10,023 Jacobs Solutions Inc. $J

Jupiter Asset Management Ltd. acquired a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,023 shares of the company’s stock, valued at approximately $1,328,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after buying an additional 7,072 shares during the last quarter. Citigroup Inc. boosted its position in Jacobs Solutions by 34.2% in the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after buying an additional 35,380 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new position in Jacobs Solutions in the 4th quarter valued at $2,161,000. Northwestern Mutual Wealth Management Co. boosted its position in Jacobs Solutions by 737.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after buying an additional 140,179 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Jacobs Solutions by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after buying an additional 73,567 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on J. Citigroup increased their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Insider Buying and Selling

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 253 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This represents a 2.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.

Jacobs Solutions Stock Performance

J stock opened at $119.98 on Friday. The business’s fifty day moving average is $123.46 and its 200-day moving average is $132.77. 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 company has a market cap of $14.17 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.22 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 22nd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

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.