BI Asset Management Fondsmaeglerselskab A S Raises Stake in Jacobs Solutions Inc. $J

BI Asset Management Fondsmaeglerselskab A S boosted its position in Jacobs Solutions Inc. (NYSE:J) by 75.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,471 shares of the company’s stock after purchasing an additional 9,227 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jacobs Solutions were worth $2,844,000 at the end of the most recent reporting period.

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

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $120.22 on Tuesday. 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 has a market cap of $14.20 billion, a PE ratio of 37.34, a P/E/G ratio of 1.19 and a beta of 0.69. The business has a 50 day moving average of $122.64 and a 200 day moving average of $131.31. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

J has been the subject of several research reports. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. KeyCorp cut their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Robert W. Baird lowered their price objective 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. Citigroup boosted their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Insider Buying and Selling

In other Jacobs Solutions news, Director Manuel J. Fernandez bought 403 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 4,257 shares of company stock valued at $477,651. 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.