Marks Group Wealth Management Inc Decreases Stock Position in Jacobs Solutions Inc. $J

Marks Group Wealth Management Inc lessened its stake in Jacobs Solutions Inc. (NYSE:J) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,166 shares of the company’s stock after selling 7,584 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Jacobs Solutions were worth $7,175,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after purchasing an additional 7,072 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $2,161,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jacobs Solutions by 737.4% during the 4th 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. Citigroup Inc. boosted its stake in shares of Jacobs Solutions by 34.2% during the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after buying an additional 35,380 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Jacobs Solutions by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after buying an additional 73,567 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other news, CEO Robert V. Pragada purchased 3,601 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez purchased 403 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the purchase, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This trade represents a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,257 shares of company stock worth $477,651 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on J shares. KeyCorp reduced their target price 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $153.40.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $120.22 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The firm’s 50-day moving average price is $122.64 and its two-hundred day moving average price is $131.31. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a market capitalization of $14.20 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.19 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its earnings results 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 net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $1.43 earnings per share. Jacobs Solutions’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. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 44.72%.

Jacobs Solutions 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.