294,016 Shares in Jacobs Solutions Inc. $J Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 294,016 shares of Jacobs Solutions worth approximately $37.0 million, while institutional investors collectively owned 85.65% of the company.
• Jacobs reported quarterly revenue of $2.42 billion and adjusted earnings of $1.84 per share, slightly exceeding analyst estimates; revenue increased 8.3% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $153.70. Jacobs also declared a quarterly dividend of $0.36 per share, representing a 1.0% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 294,016 shares of the company's stock, valued at approximately $37,046,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of Jacobs Solutions at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vident Advisory LLC boosted its stake in shares of Jacobs Solutions by 0.8% during the second quarter. Vident Advisory LLC now owns 9,794 shares of the company's stock worth $1,287,000 after buying an additional 75 shares during the period. Gratus Wealth Advisors LLC raised its position in Jacobs Solutions by 1.3% during the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company's stock worth $820,000 after buying an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Jacobs Solutions by 0.7% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company's stock worth $1,585,000 after acquiring an additional 81 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company's stock valued at $137,000 after acquiring an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Jacobs Solutions by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company's stock worth $661,000 after acquiring an additional 93 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Citigroup raised their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target 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. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Truist Financial lowered their target price 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $153.70.

Jacobs Solutions Trading Up 3.3%

NYSE:J opened at $147.56 on Thursday. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $132.30 and a 200-day simple moving average of $129.68. The company has a market capitalization of $17.42 billion, a PE ratio of 52.33, a price-to-earnings-growth ratio of 1.38 and a beta of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm's revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities research analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions's dividend payout ratio (DPR) is 51.06%.

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.

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