Jupiter Topco LLC Makes New Investment in Jacobs Solutions Inc. $J

Jupiter Topco LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the second quarter, Holdings Channel.com reports. The firm bought 556,739 shares of the company’s stock, valued at approximately $70,124,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Jacobs Solutions by 737.4% during the fourth 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. Kepler Cheuvreux Suisse SA bought a new position in Jacobs Solutions in the 4th quarter worth approximately $2,161,000. Crossmark Global Holdings Inc. grew its holdings in Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after buying an additional 19,427 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $3,312,000. Finally, Goldman Sachs Group Inc. increased its position in Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after acquiring an additional 169,059 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Stock Performance

J opened at $150.41 on Friday. The business has a 50 day moving average price of $135.41 and a two-hundred day moving average price of $130.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44.

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

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s payout ratio is presently 51.06%.

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. 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. Citigroup raised their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Wells Fargo & Company decreased their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

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.