Caldwell Trust Co Sells 6,426 Shares of Jacobs Solutions Inc. $J

Caldwell Trust Co decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 51.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,018 shares of the company’s stock after selling 6,426 shares during the period. Caldwell Trust Co’s holdings in Jacobs Solutions were worth $766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its holdings in Jacobs Solutions by 46.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 185,563 shares of the company’s stock valued at $23,618,000 after purchasing an additional 58,846 shares during the last quarter. Union Bancaire Privee UBP SA increased its holdings in shares of Jacobs Solutions by 24.1% in the first quarter. Union Bancaire Privee UBP SA now owns 19,444 shares of the company’s stock valued at $2,475,000 after purchasing an additional 3,780 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Jacobs Solutions by 22.1% in the first quarter. OLD National Bancorp IN now owns 32,843 shares of the company’s stock valued at $4,180,000 after purchasing an additional 5,951 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Jacobs Solutions in the first quarter valued at about $764,000. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth about $72,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $125.79 on Monday. The firm has a market cap of $14.85 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average price is $121.65 and its two-hundred day moving average price is $130.07. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share 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 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. 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. Robert W. Baird cut 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. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company lowered their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.40.

Insider Activity

In other news, Director Manuel J. Fernandez bought 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $112.56 per share, with a total value of $28,477.68. Following the acquisition, 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price 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 in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,257 shares of company stock valued at $477,651 in the last ninety days. 0.48% of the stock is currently owned by company 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.