587,472 Shares in Jacobs Solutions Inc. $J Acquired by Cacti Asset Management LLC

Key Points

• Cacti Asset Management acquired 587,472 shares of Jacobs Solutions, worth approximately $74 million, giving it a 0.50% stake and making Jacobs its ninth-largest portfolio holding.
• Analysts remain moderately bullish, with six Buy and six Hold ratings and a consensus price target of $153.70. Recent targets range from $131 to $181.
• Jacobs exceeded quarterly expectations with $1.84 EPS and $2.42 billion in revenue, while revenue grew 8.3% year over year; the company also declared a quarterly dividend of $0.36 per share.

Cacti Asset Management LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 587,472 shares of the company's stock, valued at approximately $74,021,000. Jacobs Solutions comprises 3.7% of Cacti Asset Management LLC's investment portfolio, making the stock its 9th largest position. Cacti Asset Management LLC owned approximately 0.50% of Jacobs Solutions at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in Jacobs Solutions in the second quarter worth approximately $799,000. Cookson Peirce & Co. Inc. lifted its position in shares of Jacobs Solutions by 41.9% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,404 shares of the company's stock valued at $429,000 after acquiring an additional 1,005 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $678,000. Greenwood Capital Associates LLC lifted its position in shares of Jacobs Solutions by 44.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 60,061 shares of the company's stock valued at $7,568,000 after acquiring an additional 18,463 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in shares of Jacobs Solutions by 5.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 5,787 shares of the company's stock worth $729,000 after acquiring an additional 300 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on J. Citigroup lifted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company decreased their price target on 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. Truist Financial dropped their price target on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a research note on Thursday, July 2nd. Finally, UBS Group boosted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.70.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Jacobs Solutions Trading Up 1.0%

Jacobs Solutions stock opened at $152.17 on Friday. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 1.47 and a beta of 0.68. The company has a 50 day moving average price of $136.03 and a 200 day moving average price of $130.27.

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

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions's payout ratio is presently 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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