Andra AP fonden Takes Position in Jacobs Solutions Inc. $J

Andra AP fonden purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,128 shares of the company’s stock, valued at approximately $5,362,000.

Several other hedge funds have also recently bought and sold shares of J. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions during the 3rd quarter worth about $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $33,000. Princeton Global Asset Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at about $30,000. International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth approximately $38,000. Finally, Torren Management LLC purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth approximately $41,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.8%

NYSE:J opened at $130.69 on Thursday. The company has a market capitalization of $15.43 billion, a P/E ratio of 40.59, a P/E/G ratio of 1.26 and a beta of 0.69. The stock’s 50 day moving average price is $122.97 and its 200 day moving average price is $129.26. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion during 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on J. Truist Financial lowered 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 report on Thursday, July 2nd. 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. Wells Fargo & Company cut their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their target price on shares of Jacobs Solutions from $169.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird lowered their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada bought 3,601 shares of the 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 transaction, 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 purchase was disclosed in a document filed with the SEC, which can be accessed 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 bought at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the acquisition, the director owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.

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.