Energy Income Partners LLC Boosts Holdings in Jacobs Solutions Inc. $J

Energy Income Partners LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 1,012.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 89,384 shares of the company’s stock after acquiring an additional 81,350 shares during the quarter. Energy Income Partners LLC’s holdings in Jacobs Solutions were worth $11,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Jacobs Solutions by 3.4% during the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley grew its stake in Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after buying an additional 552,277 shares during the last quarter. Geode Capital Management LLC grew its stake in Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the last quarter. Ninety One UK Ltd increased its position in Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after buying an additional 86,677 shares in the last quarter. Finally, Boston Partners increased its position in Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after buying an additional 108,134 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

NYSE J opened at $135.21 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average price is $124.28 and its 200 day moving average price is $129.19. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 1.30 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

Insider Activity

In other news, CEO Robert V. Pragada bought 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, with a total value of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez bought 403 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 4,257 shares of company stock valued at $477,651. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on J shares. Royal Bank Of Canada increased their price target on Jacobs Solutions from $169.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. 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 research report on Wednesday, May 6th. Finally, Truist Financial lowered their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $153.30.

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.