Massachusetts Financial Services Co. MA Decreases Stock Holdings in Jacobs Solutions Inc. $J

Massachusetts Financial Services Co. MA lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,911,961 shares of the company’s stock after selling 42,900 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Jacobs Solutions were worth $286,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its holdings in Jacobs Solutions by 76.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,320 shares of the company’s stock worth $947,000 after buying an additional 2,739 shares during the last quarter. Occidental Asset Management LLC raised its position in shares of Jacobs Solutions by 3.0% during the 3rd quarter. Occidental Asset Management LLC now owns 29,319 shares of the company’s stock worth $4,394,000 after acquiring an additional 862 shares in the last quarter. Waters Parkerson & CO. LLC lifted its stake in Jacobs Solutions by 1.5% during the third quarter. Waters Parkerson & CO. LLC now owns 218,163 shares of the company’s stock worth $32,694,000 after purchasing an additional 3,240 shares during the last quarter. Kuhn & Co Investment Counsel acquired a new position in Jacobs Solutions in the third quarter valued at approximately $227,000. Finally, EdgeRock Capital LLC acquired a new position in Jacobs Solutions in the third quarter valued at approximately $238,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 1.1%

J opened at $139.98 on Tuesday. The business has a 50 day moving average price of $138.29 and a two-hundred day moving average price of $144.63. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. The company has a market cap of $16.53 billion, a PE ratio of 57.84, a P/E/G ratio of 1.53 and a beta of 0.81. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $1.37 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio is presently 52.89%.

Analyst Upgrades and Downgrades

J has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Bank of America reduced their price target on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Citigroup decreased their price objective on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Finally, KeyCorp raised their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.90.

Insider Transactions at Jacobs Solutions

In other news, CFO Venkatesh Nathamuni purchased 750 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $135.11 per share, with a total value of $101,332.50. Following the completion of the acquisition, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez acquired 763 shares of Jacobs Solutions stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $130.78 per share, with a total value of $99,785.14. Following the transaction, the director owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 2,513 shares of company stock worth $335,878. Company insiders own 0.48% 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.