Renaissance Technologies LLC Buys 159,000 Shares of Jacobs Solutions Inc. $J

Renaissance Technologies LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 68.8% during the first quarter, Holdings Channel reports. The institutional investor owned 390,000 shares of the company’s stock after buying an additional 159,000 shares during the period. Renaissance Technologies LLC’s holdings in Jacobs Solutions were worth $49,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in J. Ameriprise Financial Inc. increased its holdings in Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after acquiring an additional 1,184,068 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Jacobs Solutions by 246.3% in the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after purchasing an additional 952,151 shares during the period. L1 Capital International Pty Ltd boosted its position in shares of Jacobs Solutions by 363.6% in the fourth quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock worth $95,839,000 after purchasing an additional 567,478 shares during the period. Morgan Stanley increased its stake in shares of Jacobs Solutions by 19.5% in the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after purchasing an additional 552,277 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after purchasing an additional 525,291 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.5%

Shares of J opened at $135.21 on Tuesday. 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 company has a 50 day simple moving average of $124.28 and a two-hundred day simple moving average of $129.19. The firm has a market cap of $15.97 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 1.30 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s payout ratio is currently 44.72%.

Analyst Ratings Changes

J has been the topic of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citigroup increased their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, KeyCorp lowered their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.30.

Insiders Place Their Bets

In related news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Manuel J. Fernandez acquired 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 4,257 shares of company stock worth $477,651. 0.48% of the stock is currently owned by insiders.

About Jacobs Solutions

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.