Louisiana State Employees Retirement System Acquires New Stake in Jacobs Solutions Inc. $J

Louisiana State Employees Retirement System acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Ameriprise Financial Inc. lifted its position in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after purchasing an additional 1,184,068 shares during the period. Focus Partners Wealth raised its stake in shares of Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after buying an additional 952,151 shares in the last quarter. L1 Capital International Pty Ltd lifted its holdings in shares of Jacobs Solutions by 363.6% in the 4th 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 period. Morgan Stanley lifted its holdings in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after buying an additional 552,277 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after buying an additional 525,291 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J stock traded up $1.12 during mid-day trading on Tuesday, reaching $130.10. The stock had a trading volume of 19,703 shares, compared to its average volume of 1,083,444. The company has a market cap of $15.36 billion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 1.24 and a beta of 0.69. 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 Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The business has a 50-day simple moving average of $121.44 and a 200 day simple moving average of $129.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm 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%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.23 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. Investors of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial lowered their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. 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 target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 target price on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $153.10.

Insider Transactions at Jacobs Solutions

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

Jacobs Solutions Company 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.