Geode Capital Management LLC Increases Stock Position in Jacobs Solutions Inc. $J

Geode Capital Management LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,219,481 shares of the company’s stock after purchasing an additional 28,076 shares during the quarter. Geode Capital Management LLC’s holdings in Jacobs Solutions were worth $424,846,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Ninety One UK Ltd boosted its position in Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after buying an additional 86,677 shares during the period. Boston Partners boosted its position in Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after buying an additional 108,134 shares during the period. Bank of America Corp DE boosted its position in Jacobs Solutions by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock valued at $310,330,000 after buying an additional 178,753 shares during the period. Ameriprise Financial Inc. boosted its position in Jacobs Solutions by 15.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock valued at $230,406,000 after buying an additional 210,474 shares during the period. Finally, AQR Capital Management LLC boosted its position in Jacobs Solutions by 68.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after buying an additional 525,291 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.1%

NYSE:J opened at $119.98 on Monday. The company has a 50-day moving average price of $123.46 and a 200-day moving average price of $132.62. 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. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 1.16 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the company posted $1.43 EPS. The company’s quarterly revenue 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. Equities analysts predict that Jacobs Solutions Inc. will post 7.22 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of 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. Robert W. Baird dropped their target price 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 target price on shares of Jacobs Solutions in a research report on Tuesday, May 19th. KeyCorp dropped their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Insider Buying and Selling

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the purchase, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. The trade was a 3.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Shannon Miller sold 1,440 shares of the 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 completion of the transaction, the president owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 4,257 shares of company stock worth $477,651 in the last three months. 0.48% of the stock is owned by corporate 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.