Bank of New York Mellon Corp Sells 18,575 Shares of Jacobs Solutions Inc. $J

Bank of New York Mellon Corp reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 807,100 shares of the company’s stock after selling 18,575 shares during the quarter. Bank of New York Mellon Corp’s holdings in Jacobs Solutions were worth $120,952,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Jacobs Solutions by 92.3% in the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after acquiring an additional 3,226 shares in the last quarter. Woodline Partners LP grew its holdings in Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after purchasing an additional 2,891 shares during the period. Sivia Capital Partners LLC bought a new stake in Jacobs Solutions in the second quarter valued at $321,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Jacobs Solutions by 6.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,745 shares of the company’s stock valued at $1,938,000 after purchasing an additional 851 shares during the period. Finally, Berger Financial Group Inc raised its holdings in shares of Jacobs Solutions by 2.1% during the second quarter. Berger Financial Group Inc now owns 40,667 shares of the company’s stock valued at $5,346,000 after purchasing an additional 843 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.6%

J stock opened at $135.46 on Monday. The stock has a market cap of $16.00 billion, a P/E ratio of 55.98, a P/E/G ratio of 1.47 and a beta of 0.80. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $136.53 and its two-hundred day simple moving average is $144.79. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 52.89%.

Insider Activity

In related news, Director Peter J. Robertson acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $134.76 per share, with a total value of $134,760.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $134,760. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Manuel J. Fernandez purchased 763 shares of the stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the acquisition, the director owned 10,380 shares of the company’s stock, valued at approximately $1,357,496.40. This represents a 7.93% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,513 shares of company stock worth $335,878. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on J shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jacobs Solutions in a research report on Monday, December 29th. Wells Fargo & Company raised their price objective on Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Truist Financial decreased their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a report on Friday, November 21st. Royal Bank Of Canada cut their target price on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Finally, KeyCorp boosted their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $156.60.

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.