Korea Investment CORP Purchases 46,187 Shares of Jacobs Solutions Inc. $J

Korea Investment CORP increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,093 shares of the company’s stock after purchasing an additional 46,187 shares during the period. Korea Investment CORP owned approximately 0.14% of Jacobs Solutions worth $24,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Jacobs Solutions by 70.1% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,232 shares of the company’s stock valued at $484,000 after acquiring an additional 1,332 shares during the period. First Trust Advisors LP increased its position in Jacobs Solutions by 0.5% during the third quarter. First Trust Advisors LP now owns 566,463 shares of the company’s stock worth $84,890,000 after acquiring an additional 2,631 shares during the period. Crossmark Global Holdings Inc. raised its stake in Jacobs Solutions by 28.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,392 shares of the company’s stock worth $808,000 after purchasing an additional 1,201 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in Jacobs Solutions in the 3rd quarter worth about $988,000. Finally, Great Lakes Retirement Inc. raised its stake in Jacobs Solutions by 7.3% in the 3rd quarter. Great Lakes Retirement Inc. now owns 18,347 shares of the company’s stock worth $2,749,000 after purchasing an additional 1,251 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

J has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Jacobs Solutions in a research report on Monday, November 24th. They set a “buy” rating and a $158.00 target price on the stock. Citigroup dropped their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Bank of America cut their price target on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Truist Financial reduced their price target on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Finally, Royal Bank Of Canada dropped their price objective on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Price Performance

J stock opened at $131.84 on Wednesday. The company’s 50-day moving average price is $137.96 and its two-hundred day moving average price is $143.60. The firm has a market cap of $15.48 billion, a P/E ratio of 36.12, a P/E/G ratio of 1.39 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44.

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

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, February 20th. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is currently 39.45%.

Insider Buying and Selling at Jacobs Solutions

In other news, President Shannon Miller sold 1,440 shares of Jacobs Solutions stock in a transaction on Friday, March 6th. The stock was sold at an average price of $134.13, for a total value of $193,147.20. Following the transaction, the president owned 25,344 shares in the company, valued at approximately $3,399,390.72. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.