Rakuten Investment Management Inc. Invests $2.39 Million in Jacobs Solutions Inc. $J

Rakuten Investment Management Inc. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, Holdings Channel.com reports. The fund bought 19,277 shares of the company’s stock, valued at approximately $2,387,000.

A number of other institutional investors have also made changes to their positions in J. Northwestern Mutual Wealth Management Co. lifted 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 worth $21,086,000 after buying an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new stake in shares of Jacobs Solutions during the 4th quarter worth about $2,161,000. Crossmark Global Holdings Inc. grew its stake in Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after buying an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in Jacobs Solutions in the 4th quarter valued at about $3,312,000. Finally, Goldman Sachs Group Inc. raised its holdings in Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after acquiring an additional 169,059 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

NYSE J opened at $152.17 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $17.97 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.47 and a beta of 0.68. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The firm has a 50-day moving average price of $136.03 and a two-hundred day moving average price of $130.12.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s payout ratio is 51.06%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on J. Wells Fargo & Company cut 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 research report on Thursday, May 7th. Truist Financial lowered their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. UBS Group lifted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Citigroup boosted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $153.70.

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.