Aureus Asset Management LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) in the first quarter, Holdings Channel.com reports. The firm purchased 11,595 shares of the company’s stock, valued at approximately $1,476,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of J. Empowered Funds LLC raised its holdings in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after acquiring an additional 3,226 shares in the last quarter. Woodline Partners LP increased its position in shares of Jacobs Solutions by 38.7% in the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $321,000. Baird Financial Group Inc. raised its stake in shares of Jacobs Solutions by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after purchasing an additional 248 shares in the last quarter. Finally, AXA S.A. lifted its position in shares of Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,556 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez bought 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 4,257 shares of company stock worth $477,651. Corporate insiders own 0.48% of the company’s stock.
Jacobs Solutions Stock Performance
Jacobs Solutions (NYSE:J – Get Free Report) last issued 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 the consensus estimate of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. Jacobs Solutions’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were paid a $0.36 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on J. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $169.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird lowered their price objective 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. Truist Financial dropped their price objective 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. Finally, Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.30.
Check Out Our Latest Research Report on J
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.
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