8,640 Shares in Jacobs Solutions Inc. $J Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,640 shares of the company’s stock, valued at approximately $1,100,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in J. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions during the 3rd quarter worth about $27,000. Princeton Global Asset Management LLC bought a new position in shares of Jacobs Solutions in the 4th quarter valued at about $30,000. Central Pacific Bank Trust Division acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $31,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $33,000. Finally, International Assets Investment Management LLC bought a new stake in Jacobs Solutions during the fourth quarter worth about $38,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Manuel J. Fernandez acquired 403 shares of the stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the transaction, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert V. Pragada bought 3,601 shares of Jacobs Solutions stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer 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. Insiders have acquired a total of 4,257 shares of company stock worth $477,651 in the last quarter. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on J. KeyCorp decreased their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. 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. Truist Financial lowered their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Citigroup increased their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.10.

Jacobs Solutions Stock Up 2.0%

Shares of J opened at $132.19 on Friday. The firm’s 50-day simple moving average is $121.68 and its 200 day simple moving average is $129.34. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $15.61 billion, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) 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 company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. 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. On average, analysts forecast that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is currently 44.72%.

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.