CenterBook Partners LP Buys New Position in Jacobs Solutions Inc. $J

CenterBook Partners LP acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,713 shares of the company’s stock, valued at approximately $889,000.

Several other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC grew its position in shares of Jacobs Solutions by 92.3% during the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after buying an additional 3,226 shares during the period. Woodline Partners LP boosted its stake in Jacobs Solutions by 38.7% during the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock valued at $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Jacobs Solutions during the 2nd quarter valued at about $321,000. Baird Financial Group Inc. increased its holdings in Jacobs Solutions by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after purchasing an additional 248 shares in the last quarter. Finally, AXA S.A. raised its position in Jacobs Solutions by 14.9% in the 2nd quarter. AXA S.A. now owns 19,670 shares of the company’s stock valued at $2,586,000 after buying an additional 2,556 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $121.95 on Thursday. The firm’s fifty day moving average price is $122.58 and its 200-day moving average price is $131.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $14.40 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44.

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

Jacobs Solutions Dividend Announcement

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

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the purchase, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This represents a 3.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,257 shares of company stock worth $477,651 over the last three months. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. Robert W. Baird reduced 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 note on Monday, April 13th. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a report on Tuesday, May 19th. Citigroup upped their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions Profile

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.