Bank of New York Mellon Corp Trims Holdings in Jacobs Solutions Inc. $J

Bank of New York Mellon Corp lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 718,726 shares of the company’s stock after selling 88,374 shares during the period. Bank of New York Mellon Corp’s holdings in Jacobs Solutions were worth $95,202,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions in the third quarter worth about $27,000. Princeton Global Asset Management LLC purchased a new stake in Jacobs Solutions in the fourth quarter worth about $30,000. Central Pacific Bank Trust Division purchased a new stake in Jacobs Solutions in the fourth quarter worth about $31,000. Wealth Watch Advisors INC purchased a new stake in Jacobs Solutions in the third quarter worth about $33,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares of the company’s stock, valued at $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert V. Pragada purchased 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the transaction, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,257 shares of company stock valued at $477,651 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on J shares. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird reduced 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $153.40.

Jacobs Solutions Stock Down 1.9%

Shares of J stock opened at $120.22 on Tuesday. The stock has a market cap of $14.20 billion, a P/E ratio of 37.34, a PEG ratio of 1.19 and a beta of 0.69. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $122.64 and its two-hundred day simple moving average is $131.31.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $1.43 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Analysts predict that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

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.