Osmosis Investment Management UK Ltd acquired a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 34,053 shares of the company’s stock, valued at approximately $4,291,000.
A number of other hedge funds have also recently made changes to their positions in J. Measured Wealth Private Client Group LLC purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Jacobs Solutions in the second quarter worth $30,000. Wealth Watch Advisors INC purchased a new position in shares of Jacobs Solutions in the third quarter worth $33,000. International Assets Investment Management LLC bought a new position in shares of Jacobs Solutions during the fourth quarter worth $38,000. Finally, Torren Management LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at $41,000. Institutional investors own 85.65% of the company’s stock.
Insider Buying and Selling at Jacobs Solutions
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 directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Report on Jacobs Solutions
Jacobs Solutions Stock Down 0.2%
NYSE J opened at $149.77 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. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The firm has a market capitalization of $17.68 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 1.45 and a beta of 0.68. The company has a fifty day moving average of $133.18 and a two-hundred day moving average of $129.86.
Jacobs Solutions (NYSE:J – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 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 during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $1.62 EPS. The firm’s revenue for the quarter 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. On average, analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is presently 51.06%.
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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