Campbell Newman Asset Management Inc. Has $19.74 Million Stock Holdings in Jacobs Solutions Inc. $J

Campbell Newman Asset Management Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 39.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 155,069 shares of the company’s stock after selling 99,723 shares during the quarter. Jacobs Solutions makes up 1.6% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Campbell Newman Asset Management Inc.’s holdings in Jacobs Solutions were worth $19,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Jacobs Solutions by 0.7% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock worth $1,585,000 after acquiring an additional 81 shares in the last quarter. SG Americas Securities LLC grew its stake in Jacobs Solutions by 289.6% during the 1st quarter. SG Americas Securities LLC now owns 530,083 shares of the company’s stock valued at $67,469,000 after acquiring an additional 394,037 shares in the last quarter. Evolve Private Wealth LLC grew its stake in Jacobs Solutions by 8.4% during the 1st quarter. Evolve Private Wealth LLC now owns 2,299 shares of the company’s stock valued at $293,000 after acquiring an additional 179 shares in the last quarter. Old North State Trust LLC increased its holdings in shares of Jacobs Solutions by 12.9% in the 4th quarter. Old North State Trust LLC now owns 4,591 shares of the company’s stock valued at $608,000 after purchasing an additional 525 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Jacobs Solutions by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 232,708 shares of the company’s stock worth $30,885,000 after purchasing an additional 6,419 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 403 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the acquisition, the director owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the purchase, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 4,257 shares of company stock worth $477,651 in the last 90 days. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on J. KeyCorp lowered their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Robert W. Baird lowered 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 research note on Wednesday, May 6th. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $153.40.

Jacobs Solutions Trading Down 0.0%

NYSE:J opened at $120.95 on Monday. The stock’s 50 day moving average price is $121.98 and its 200 day moving average price is $130.65. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a market capitalization of $14.28 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.17 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. Jacobs Solutions’s dividend payout ratio is 44.72%.

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.