Bank of New York Mellon Corp Sells 79,456 Shares of Jacobs Solutions Inc. $J

Bank of New York Mellon Corp decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 639,270 shares of the company’s stock after selling 79,456 shares during the period. Bank of New York Mellon Corp’s holdings in Jacobs Solutions were worth $81,366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after purchasing an additional 1,184,068 shares during the last quarter. Focus Partners Wealth lifted its position in Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after buying an additional 952,151 shares in the last quarter. L1 Capital International Pty Ltd grew its holdings in Jacobs Solutions by 363.6% during the 4th quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock worth $95,839,000 after acquiring an additional 567,478 shares during the last quarter. Morgan Stanley increased its position in Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after acquiring an additional 552,277 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Jacobs Solutions by 68.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after acquiring an additional 525,291 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $129.70 on Wednesday. The company’s 50 day moving average price is $122.50 and its two-hundred day moving average price is $129.27. The firm has a market capitalization of $15.32 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.25 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. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $1.43 EPS. The company’s 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. On average, equities analysts forecast that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 44.72%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial decreased their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. KeyCorp decreased their price objective 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. Robert W. Baird lowered their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.10.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez bought 253 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, with a total value of $28,477.68. Following the completion of the acquisition, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $111.09 per share, with a total value 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. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 4,257 shares of company stock valued at $477,651. Company 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.