Hahn Capital Management LLC Cuts Position in Jacobs Solutions Inc. $J

Hahn Capital Management LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 16.3% during the 1st quarter, Holdings Channel reports. The fund owned 52,519 shares of the company’s stock after selling 10,231 shares during the period. Jacobs Solutions comprises approximately 4.2% of Hahn Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Hahn Capital Management LLC’s holdings in Jacobs Solutions were worth $6,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Empowered Funds LLC increased its stake in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after purchasing an additional 3,226 shares in the last quarter. Woodline Partners LP boosted 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 acquiring an additional 2,891 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Jacobs Solutions during the 2nd quarter valued at $321,000. Baird Financial Group Inc. lifted its stake in shares of Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after buying an additional 248 shares in the last quarter. Finally, AXA S.A. lifted its stake in shares of Jacobs Solutions by 14.9% in the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock valued at $2,586,000 after buying an additional 2,556 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased 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 owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez acquired 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, with a total value of $28,477.68. Following the completion of the transaction, the director directly owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This trade represents a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $131.88 on Monday. The company has a 50-day moving average price of $121.95 and a two-hundred day moving average price of $129.32. The firm has a market capitalization of $15.57 billion, a PE ratio of 40.96, a P/E/G ratio of 1.28 and a beta of 0.69. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for 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 firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a dividend of $0.36 per share. 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 currently 44.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup lifted 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. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial cut their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. KeyCorp decreased their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $153.10.

Jacobs Solutions Company 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.