Havemeyer Place LP Invests $2.66 Million in Jacobs Solutions Inc. $J

Havemeyer Place LP purchased a new position in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, HoldingsChannel reports. The firm purchased 20,103 shares of the company’s stock, valued at approximately $2,663,000. Jacobs Solutions accounts for about 0.5% of Havemeyer Place LP’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds have also recently made changes to their positions in J. Empowered Funds LLC grew its holdings in shares of Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after purchasing an additional 3,226 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Jacobs Solutions in the second quarter worth about $321,000. Baird Financial Group Inc. grew its holdings in shares of Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after purchasing an additional 248 shares during the last quarter. Finally, AXA S.A. grew its holdings in shares of Jacobs Solutions by 14.9% in the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,556 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on J. KeyCorp cut their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Robert W. Baird cut their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Citigroup upped their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $153.40.

Insider Activity

In other news, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the transaction, the director owned 12,251 shares in the company, valued at $1,493,764.43. This represents a 3.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 4,257 shares of company stock worth $477,651 in the last quarter. 0.48% of the stock is owned by insiders.

Jacobs Solutions Stock Down 0.7%

Shares of Jacobs Solutions stock opened at $122.69 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The firm’s 50-day moving average is $122.82 and its two-hundred day moving average is $131.66. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 1.19 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 the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business earned $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, research analysts expect that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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 paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 22nd. Jacobs Solutions’s payout ratio is 44.72%.

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.