Hsbc Holdings PLC Grows Holdings in Jacobs Solutions Inc. $J

Hsbc Holdings PLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 2.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 232,708 shares of the company’s stock after purchasing an additional 6,419 shares during the quarter. Hsbc Holdings PLC’s holdings in Jacobs Solutions were worth $30,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its position in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after acquiring an additional 3,226 shares in the last quarter. Woodline Partners LP raised its position in Jacobs Solutions by 38.7% during the first 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in Jacobs Solutions during the second quarter worth about $321,000. Baird Financial Group Inc. lifted its stake in Jacobs Solutions by 1.7% during the second 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 during the last quarter. Finally, AXA S.A. boosted its holdings in shares of Jacobs Solutions by 14.9% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Truist Financial reduced 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 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 note on Wednesday, May 6th. Citigroup boosted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $153.10.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez bought 403 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the purchase, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 4,257 shares of company stock worth $477,651 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $128.88 on Tuesday. 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 fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a market cap of $15.22 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.69. The business has a 50 day moving average price of $121.44 and a 200-day moving average price of $129.72.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping 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 company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

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.