Quantinno Capital Management LP boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,579 shares of the company’s stock after purchasing an additional 9,236 shares during the quarter. Quantinno Capital Management LP’s holdings in Jacobs Solutions were worth $10,383,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in J. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Jacobs Solutions in the fourth quarter worth $30,000. Wealth Watch Advisors INC acquired a new stake in Jacobs Solutions in the third quarter valued at $33,000. International Assets Investment Management LLC acquired a new stake in Jacobs Solutions in the fourth quarter valued at $38,000. Finally, Torren Management LLC bought a new position in Jacobs Solutions during the 4th quarter valued at $41,000. 85.65% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Manuel J. Fernandez bought 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, with a total value of $49,137.79. Following the completion of the transaction, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert V. Pragada bought 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.
Jacobs Solutions Price Performance
Jacobs Solutions (NYSE:J – Get Free Report) last issued 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 2.92% and a return on equity of 22.29%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company posted $1.62 earnings per share. Jacobs Solutions’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.22 EPS for the current year.
Jacobs Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is presently 44.72%.
Wall Street Analyst Weigh In
J has been the subject of several recent analyst reports. KeyCorp decreased their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $169.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup boosted their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $153.30.
View Our Latest Stock Report on J
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.
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