Jacobs Solutions Inc. $J Position Lessened by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.5% in the first quarter, Holdings Channel.com reports. The firm owned 47,945 shares of the company’s stock after selling 6,221 shares during the period. Marks Group Wealth Management Inc’s holdings in Jacobs Solutions were worth $6,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after buying an additional 552,277 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after buying an additional 28,076 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Jacobs Solutions by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after buying an additional 86,677 shares in the last quarter. Finally, Boston Partners increased its holdings in Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after buying an additional 108,134 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on J. Weiss Ratings lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 target price on shares of Jacobs Solutions in a research report on Tuesday, May 19th. KeyCorp dropped 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. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Truist Financial reduced their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $153.10.

Insiders Place Their Bets

In other news, CEO Robert V. Pragada bought 3,601 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel J. Fernandez bought 253 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 4,257 shares of company stock valued at $477,651 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $129.60 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 40.25, a P/E/G ratio of 1.25 and a beta of 0.69. The business’s 50-day simple moving average is $121.49 and its 200-day simple moving average is $129.36. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 44.72%.

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.