Bank of America Corp DE Acquires New Position in Jacobs Solutions Inc. $J

Key Points

• Bank of America initiated a major Jacobs Solutions position, purchasing 1.65 million shares worth approximately $208.3 million, or about 1.4% of the company. Institutional investors collectively own 85.65% of Jacobs Solutions.
• Jacobs Solutions reported quarterly EPS of $1.84, slightly ahead of estimates, while revenue rose 8.3% year over year to $2.42 billion. The company reaffirmed fiscal 2026 EPS guidance of $7.20–$7.30.
• The company declared a quarterly dividend of $0.36 per share, equivalent to a 1.0% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $153.70.

Bank of America Corp DE purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,653,320 shares of the company's stock, valued at approximately $208,318,000. Bank of America Corp DE owned approximately 1.40% of Jacobs Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Jacobs Solutions during the second quarter valued at approximately $1,372,610,000. Primecap Management Co. CA purchased a new stake in Jacobs Solutions during the 2nd quarter valued at $575,291,000. Geode Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company's stock valued at $424,846,000 after buying an additional 28,076 shares during the period. Focus Partners Wealth lifted its holdings in shares of Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock valued at $177,324,000 after buying an additional 952,151 shares during the period. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth $118,783,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Down 1.0%

Shares of J stock opened at $143.39 on Thursday. 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. The company's fifty day moving average price is $141.06 and its 200-day moving average price is $130.82. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 50.85, a PEG ratio of 2.10 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal 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 issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions's payout ratio is currently 51.06%.

Insiders Place Their Bets

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company's stock in a transaction that occurred on 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 transaction, the president directly 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 document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group increased their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, August 10th. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Truist Financial lowered their price objective on shares of 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, Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $153.70.

Jacobs Solutions Company Profile

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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