Allstate Corp Buys New Position in Jacobs Solutions Inc. $J

Allstate Corp purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,417 shares of the company’s stock, valued at approximately $662,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC increased its position in Jacobs Solutions by 103.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares in the last quarter. Godsey & Gibb Inc. grew its stake in Jacobs Solutions by 121.0% during the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Jacobs Solutions by 65.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares during the period. First Horizon Corp acquired a new position in shares of Jacobs Solutions during the 3rd quarter valued at $34,000. Finally, Costello Asset Management INC acquired a new position in shares of Jacobs Solutions during the 2nd quarter valued at $43,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial lowered their price target on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a report on Friday, November 21st. Wells Fargo & Company decreased their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. Robert W. Baird lowered Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Barclays boosted their price target on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, KeyCorp increased their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $155.90.

Jacobs Solutions Stock Up 1.1%

NYSE:J opened at $140.00 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The stock has a 50-day simple moving average of $137.33 and a 200 day simple moving average of $144.58.

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

Jacobs Solutions Announces Dividend

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

Insiders Place Their Bets

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 763 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $130.78 per share, for a total transaction of $99,785.14. Following the transaction, the director owned 10,380 shares in the company, valued at $1,357,496.40. This represents a 7.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Venkatesh Nathamuni purchased 750 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was acquired 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 in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,513 shares of company stock valued at $335,878 over the last 90 days. 0.48% of the stock is owned by company 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.