Allstate Corp Buys 4,474 Shares of Jacobs Solutions Inc. $J

Allstate Corp boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 101.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,891 shares of the company’s stock after acquiring an additional 4,474 shares during the period. Allstate Corp’s holdings in Jacobs Solutions were worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after acquiring an additional 7,072 shares during the last quarter. Kepler Cheuvreux Suisse SA purchased a new stake in Jacobs Solutions in the fourth quarter worth $2,161,000. Citigroup Inc. boosted its holdings in Jacobs Solutions by 34.2% in the third quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after acquiring an additional 35,380 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after acquiring an additional 140,179 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after purchasing an additional 73,567 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.9%

Shares of NYSE:J opened at $119.98 on Friday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The business’s fifty day simple moving average is $123.46 and its 200-day simple moving average is $132.77. The company has a market capitalization of $14.17 billion, a PE ratio of 37.26, a P/E/G ratio of 1.15 and a beta of 0.73. 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 announced its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be given a $0.36 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Jacobs Solutions’s dividend payout ratio is 44.72%.

Analyst Ratings Changes

A number of brokerages have commented on J. Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company reduced their price target 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. Royal Bank Of Canada restated an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Robert W. Baird reduced their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

Insider Activity

In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $134.13, for a total transaction of $193,147.20. Following the transaction, the president owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. This trade represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez bought 253 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 4,257 shares of company stock worth $477,651 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

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.