Payden & Rygel Has $13.89 Million Stock Position in Jacobs Solutions Inc. $J

Payden & Rygel increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,700 shares of the company’s stock after acquiring an additional 11,400 shares during the quarter. Payden & Rygel’s holdings in Jacobs Solutions were worth $13,892,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of J. Primecap Management Co. CA grew its position in Jacobs Solutions by 2.1% in the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after purchasing an additional 96,387 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after buying an additional 520,417 shares during the period. Invesco Ltd. lifted its stake in shares of Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after buying an additional 460,283 shares during the period. Allspring Global Investments Holdings LLC grew its position in Jacobs Solutions by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after buying an additional 44,070 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after acquiring an additional 268,504 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on J. Citigroup reduced their price objective on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Truist Financial cut their target price on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. The Goldman Sachs Group began coverage on shares of Jacobs Solutions in a report on Monday, November 24th. They issued a “buy” rating and a $158.00 price target on the stock. Finally, Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.60.

Jacobs Solutions Price Performance

Shares of J stock opened at $137.76 on Monday. The stock’s fifty day simple moving average is $137.64 and its 200 day simple moving average is $144.63. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 1.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the business earned $1.33 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 39.45%.

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.