Jacobs Solutions Inc. $J Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 45.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,552,580 shares of the company’s stock after selling 1,282,934 shares during the period. Ninety One UK Ltd’s holdings in Jacobs Solutions were worth $210,018,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of J. Turtle Creek Wealth Advisors LLC acquired a new position in Jacobs Solutions during the 3rd quarter worth about $209,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at about $224,000. ZWJ Investment Counsel Inc. grew its position in shares of Jacobs Solutions by 6.4% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 248,430 shares of the company’s stock valued at $33,605,000 after buying an additional 14,941 shares during the last quarter. Mather Group LLC. increased its stake in shares of Jacobs Solutions by 79.7% in the third quarter. Mather Group LLC. now owns 345 shares of the company’s stock valued at $47,000 after buying an additional 153 shares during the period. Finally, Krilogy Financial LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $261,000. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Royal Bank Of Canada increased their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group raised their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Truist Financial lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. Finally, KeyCorp dropped their price target on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.40.

Insider Buying and Selling

In related news, President Patrick Hill sold 17,201 shares of the firm’s 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 completion of the sale, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Down 1.2%

J traded down $1.75 during trading on Thursday, reaching $140.25. 278,708 shares of the stock traded hands, compared to its average volume of 1,001,261. 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 stock has a market capitalization of $16.56 billion, a PE ratio of 49.69, a P/E/G ratio of 1.78 and a beta of 0.72. The stock’s 50-day moving average is $143.64 and its 200 day moving average is $131.86. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last 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. Equities analysts anticipate that Jacobs Solutions Inc. will post 7.25 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio is presently 51.06%.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.