Bank of New York Mellon Corp Makes New Investment in Jacobs Solutions Inc. $J

Bank of New York Mellon Corp purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 608,639 shares of the company's stock, valued at approximately $76,688,000. Bank of New York Mellon Corp owned about 0.52% of Jacobs Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maridea Wealth Management LLC purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth approximately $284,000. SFE Investment Counsel bought a new position in shares of Jacobs Solutions in the second quarter valued at approximately $9,461,000. Wedge Capital Management L L P NC increased its position in shares of Jacobs Solutions by 27.3% during the second quarter. Wedge Capital Management L L P NC now owns 107,794 shares of the company's stock valued at $13,582,000 after acquiring an additional 23,137 shares during the last quarter. Tema ETFs LLC increased its position in shares of Jacobs Solutions by 7.5% during the second quarter. Tema ETFs LLC now owns 4,176 shares of the company's stock valued at $526,000 after acquiring an additional 290 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in Jacobs Solutions during the second quarter worth $4,498,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price 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. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. UBS Group boosted their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Jacobs Solutions Stock Performance

NYSE:J opened at $150.76 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day simple moving average of $134.24 and a two-hundred day simple moving average of $130.05. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a market capitalization of $17.80 billion, a P/E ratio of 53.46, a P/E/G ratio of 1.46 and a beta of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last issued 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 firm 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 revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued 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 yield of 1.0%. Jacobs Solutions's dividend payout ratio is 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the stock in a transaction dated Friday, August 7th. The shares were 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 owned 67,356 shares in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions 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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