Robert Pragada Acquires 3,601 Shares of Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) CEO Robert Pragada bought 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Jacobs Solutions Trading Down 0.0%

NYSE:J opened at $110.46 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market cap of $13.04 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. The company has a 50 day simple moving average of $126.70 and a two-hundred day simple moving average of $135.45.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s 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. Research analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s payout ratio is 44.72%.

Analyst Upgrades and Downgrades

J has been the subject of a number of research analyst reports. Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $160.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, KeyCorp cut 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. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $153.40.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after buying an additional 7,072 shares during the period. Citigroup Inc. boosted its holdings 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. Kepler Cheuvreux Suisse SA bought a new position in Jacobs Solutions in the 4th quarter worth $2,161,000. Professional Advisory Services Inc. bought a new position in Jacobs Solutions in the 3rd quarter worth $25,673,000. Finally, JPMorgan Chase & Co. boosted its holdings in Jacobs Solutions by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after buying an additional 73,567 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Company 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.