Jacobs Solutions Inc. $J Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its stake in Jacobs Solutions Inc. (NYSE:J) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,159 shares of the company’s stock after selling 4,305 shares during the period. Everett Harris & Co. CA owned 0.12% of Jacobs Solutions worth $20,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA grew its stake in Jacobs Solutions by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after buying an additional 96,387 shares during the last quarter. Ninety One UK Ltd increased its stake in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after buying an additional 520,417 shares during the period. Invesco Ltd. raised its position in Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after buying an additional 460,283 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Jacobs Solutions by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after acquiring an additional 44,070 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Jacobs Solutions by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after acquiring an additional 268,504 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $136.04 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $136.40 and its 200 day moving average price is $144.67. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 1.48 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 20th. Jacobs Solutions’s payout ratio is presently 52.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on J shares. Wall Street Zen lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 25th. Royal Bank Of Canada decreased their target price on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. The Goldman Sachs Group started coverage on shares of Jacobs Solutions in a report on Monday, November 24th. They issued a “buy” rating and a $158.00 price target for the company. KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays upped their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Jacobs Solutions has an average rating of “Hold” and an average price target of $156.60.

Insider Transactions at Jacobs Solutions

In related news, Director Peter J. Robertson acquired 1,000 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $134,760. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Venkatesh Nathamuni acquired 750 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $135.11 per share, with a total value of $101,332.50. Following the transaction, the chief financial officer owned 20,785 shares in the company, valued at $2,808,261.35. This represents a 3.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 2,513 shares of company stock valued at $335,878 over the last three months. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions 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.