Raiffeisen Bank International AG Has $1.38 Million Position in Jacobs Solutions Inc. $J

Raiffeisen Bank International AG lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 113.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,163 shares of the company’s stock after buying an additional 5,925 shares during the quarter. Raiffeisen Bank International AG’s holdings in Jacobs Solutions were worth $1,382,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of J. BlackRock Inc. bought a new stake in Jacobs Solutions during the second quarter worth $1,372,610,000. State Street Corp grew its position in Jacobs Solutions by 3.4% during the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after buying an additional 243,345 shares in the last quarter. Primecap Management Co. CA bought a new position in Jacobs Solutions during the 2nd quarter worth $575,291,000. Morgan Stanley increased 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 acquiring an additional 552,277 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after acquiring an additional 28,076 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Truist Financial cut their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.70.

Jacobs Solutions Stock Down 1.0%

Shares of Jacobs Solutions stock opened at $146.11 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 51.81, a PEG ratio of 2.12 and a beta of 0.70. The stock’s 50-day moving average is $138.52 and its 200 day moving average is $130.46. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued 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 of this dividend is Friday, August 21st. Jacobs Solutions’s payout ratio is presently 51.06%.

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 shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president directly owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.48% of the company’s stock.

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.