12,301 Shares in Jacobs Solutions Inc. $J Acquired by OP Asset Management Ltd

Key Points

• OP Asset Management opened a new position in Jacobs Solutions, buying 12,301 shares valued at about $1.57 million in the first quarter.
• Jacobs Solutions continues to see significant institutional and insider interest: 85.65% of shares are institutionally owned, and CEO Robert V. Pragada plus Director Manuel J. Fernandez recently made share purchases.
• The company reported better-than-expected quarterly results, with EPS of $1.75 topping estimates and revenue up 8.9% year over year; shares were trading around $125.79 and analysts currently rate the stock Moderate Buy with an average target price of $153.40.

OP Asset Management Ltd acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,301 shares of the company's stock, valued at approximately $1,566,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at $27,000. Princeton Global Asset Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth about $30,000. Central Pacific Bank Trust Division purchased a new stake in Jacobs Solutions in the 4th quarter worth about $31,000. Wealth Watch Advisors INC bought a new stake in Jacobs Solutions in the 3rd quarter valued at about $33,000. Finally, International Assets Investment Management LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at about $38,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on J. Citigroup increased their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a research 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 research report on Wednesday, May 6th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Wells Fargo & Company cut their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $169.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Six equities 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $153.40.

Insider Buying and Selling

In other news, CEO Robert V. Pragada purchased 3,601 shares of the business's stock in a transaction on Friday, May 15th. The stock was purchased 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 in the company, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez purchased 253 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $112.56 per share, with a total value of $28,477.68. Following the completion of the transaction, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 4,257 shares of company stock worth $477,651 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Stock Up 0.1%

Shares of NYSE J opened at $125.79 on Monday. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The business has a 50-day simple moving average of $121.65 and a two-hundred day simple moving average of $130.07. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The company has a market cap of $14.85 billion, a P/E ratio of 39.06, a P/E/G ratio of 1.22 and a beta of 0.69.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Research analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share 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 paid 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 payout ratio is currently 44.72%.

Jacobs Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.