54,542 Shares in Jacobs Solutions Inc. $J Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel reports. The fund acquired 54,542 shares of the company’s stock, valued at approximately $6,872,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. bought a new position in shares of Jacobs Solutions during the second quarter valued at approximately $1,372,610,000. Ameriprise Financial Inc. lifted its stake in shares of Jacobs Solutions by 828.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after acquiring an additional 1,184,068 shares during the last quarter. Focus Partners Wealth boosted its holdings in Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock valued at $177,324,000 after acquiring an additional 952,151 shares during the period. Deutsche Bank AG purchased a new position in Jacobs Solutions during the 2nd quarter valued at $83,490,000. Finally, Bank of New York Mellon Corp bought a new position in Jacobs Solutions in the 2nd quarter valued at $76,688,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.7%

Shares of NYSE:J opened at $143.63 on Tuesday. The business’s 50 day moving average is $131.44 and its 200 day moving average is $129.55. The stock has a market cap of $16.96 billion, a P/E ratio of 50.93, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $1.62 EPS. Jacobs Solutions’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on J shares. Truist Financial reduced their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group upped their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. KeyCorp reduced their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Citigroup lifted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.70.

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by insiders.

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.