The Manufacturers Life Insurance Company Has $7.95 Million Stock Position in Jacobs Solutions Inc. $J

The Manufacturers Life Insurance Company decreased its position in Jacobs Solutions Inc. (NYSE:J) by 8.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 62,472 shares of the company’s stock after selling 5,617 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Jacobs Solutions were worth $7,951,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vident Advisory LLC boosted its stake in shares of Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after acquiring an additional 75 shares in the last quarter. Gratus Wealth Advisors LLC grew its stake in shares of Jacobs Solutions by 1.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock worth $820,000 after acquiring an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position 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 purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC increased its stake in Jacobs Solutions by 10.4% during the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock valued at $137,000 after acquiring an additional 86 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in shares of Jacobs Solutions by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock valued at $661,000 after purchasing an additional 93 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Activity at Jacobs Solutions

In related news, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez bought 403 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the purchase, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This represents a 3.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 4,257 shares of company stock valued at $477,651 over the last three months. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on J shares. Citigroup upped their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. KeyCorp reduced their price objective on 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 lowered their price target 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, Royal Bank Of Canada raised their price target on Jacobs Solutions from $169.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.30.

Jacobs Solutions Trading Up 3.0%

J opened at $142.92 on Wednesday. The stock has a market capitalization of $16.88 billion, a P/E ratio of 44.39, a P/E/G ratio of 1.35 and a beta of 0.68. The firm’s fifty day simple moving average is $127.08 and its 200 day simple moving average is $129.14. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. 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 (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is currently 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.