Jacobs Solutions Inc. $J Shares Acquired by First Trust Advisors LP

First Trust Advisors LP raised its position in Jacobs Solutions Inc. (NYSE:J) by 74.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 820,040 shares of the company’s stock after purchasing an additional 349,826 shares during the period. First Trust Advisors LP’s holdings in Jacobs Solutions were worth $104,375,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. State Street Corp boosted its holdings in Jacobs Solutions by 3.4% in the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley increased its holdings in Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after purchasing an additional 552,277 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 28,076 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Jacobs Solutions by 2.8% during 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 during the last quarter. Finally, Boston Partners grew its position in shares of Jacobs Solutions by 3.7% during 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 in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $169.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, KeyCorp decreased their price target 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. Six research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.30.

Jacobs Solutions Price Performance

Shares of J opened at $134.57 on Friday. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a fifty day moving average price of $123.84 and a 200 day moving average price of $129.27. The company has a market cap of $15.89 billion, a P/E ratio of 41.79, a PEG ratio of 1.28 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’s quarterly 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. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Insider Activity

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 403 shares of the company’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the transaction, the director owned 12,251 shares in the company, valued at $1,493,764.43. The trade was a 3.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 4,257 shares of company stock valued at $477,651 in the last ninety days. Company insiders own 0.48% of the company’s stock.

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.