Amundi Buys 34,298 Shares of Jacobs Solutions Inc. $J

Amundi raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 883,673 shares of the company's stock after purchasing an additional 34,298 shares during the quarter. Amundi owned approximately 0.75% of Jacobs Solutions worth $111,328,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions in the third quarter valued at $27,000. NBH Bank bought a new position in shares of Jacobs Solutions in the 2nd quarter worth about $28,000. Wealth Watch Advisors INC bought a new position in shares of Jacobs Solutions in the 3rd quarter worth about $33,000. Continuum Advisory LLC bought a new position in shares of Jacobs Solutions in the 2nd quarter worth about $28,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at about $30,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J opened at $141.70 on Thursday. The stock has a 50-day moving average of $139.66 and a 200-day moving average of $130.56. The company has a market cap of $16.73 billion, a PE ratio of 50.25, a P/E/G ratio of 2.10 and a beta of 0.70. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company's quarterly 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 predict that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on J. UBS Group upped their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Weiss Ratings upgraded Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. 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. Royal Bank Of Canada increased their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $153.70.

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

About Jacobs Solutions

Jacobs Solutions Inc NYSE: J is a global professional services and technical consulting company that provides engineering, design, consulting, program and construction management, and operations services. The company works with public- and private-sector clients on complex projects involving infrastructure, transportation, water, environmental services, energy, advanced manufacturing, life sciences, and other critical facilities.

Jacobs supports the planning, design, delivery, and operation of large-scale assets and systems.

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