Citizens Financial Group Inc. RI Buys Shares of 56,974 Jacobs Solutions Inc. $J

Citizens Financial Group Inc. RI bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 56,974 shares of the company’s stock, valued at approximately $7,547,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its holdings in Jacobs Solutions by 2.9% in the 4th quarter. New York State Teachers Retirement System now owns 97,993 shares of the company’s stock valued at $12,980,000 after purchasing an additional 2,720 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Jacobs Solutions in the 4th quarter valued at about $46,000. Lincluden Management Ltd. lifted its holdings in shares of Jacobs Solutions by 18.7% in the 4th quarter. Lincluden Management Ltd. now owns 50,397 shares of the company’s stock worth $6,676,000 after acquiring an additional 7,952 shares during the last quarter. Caldwell Trust Co lifted its holdings in shares of Jacobs Solutions by 12.9% in the 4th quarter. Caldwell Trust Co now owns 12,444 shares of the company’s stock worth $1,648,000 after acquiring an additional 1,425 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $41,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on J shares. Wall Street Zen lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Wells Fargo & Company upped their price objective on shares of Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.60.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the sale, the president directly owned 25,344 shares in the company, valued at $3,399,390.72. This represents a 5.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Shares of J stock opened at $128.82 on Friday. The firm’s 50 day moving average price is $130.01 and its 200-day moving average price is $138.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.33 and a current ratio of 1.33. Jacobs Solutions Inc. has a one year low of $117.36 and a one year high of $168.44. The firm has a market cap of $15.13 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.34 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business posted $1.33 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 7.13 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 39.45%.

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.