Victory Capital Management Inc. Sells 9,925 Shares of Jacobs Solutions Inc. $J

Victory Capital Management Inc. trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 228,399 shares of the company’s stock after selling 9,925 shares during the period. Victory Capital Management Inc.’s holdings in Jacobs Solutions were worth $34,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of Jacobs Solutions by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after purchasing an additional 7,072 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Jacobs Solutions by 18.5% in the second quarter. Russell Investments Group Ltd. now owns 79,244 shares of the company’s stock worth $10,403,000 after purchasing an additional 12,363 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares during the last quarter. Citigroup Inc. increased its stake in Jacobs Solutions by 34.2% in the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after buying an additional 35,380 shares during the period. Finally, Prudential Financial Inc. increased its stake in Jacobs Solutions by 40.5% in the 2nd quarter. Prudential Financial Inc. now owns 95,803 shares of the company’s stock worth $12,593,000 after buying an additional 27,626 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of J stock opened at $136.88 on Monday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.41 and a beta of 0.78. The company’s 50 day moving average is $138.01 and its 200 day moving average is $143.80. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.Jacobs Solutions’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s payout ratio is presently 39.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on J. Robert W. Baird cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Bank of America dropped their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Wells Fargo & Company lifted their target price on Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada dropped their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.60.

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.