BlackRock Inc. Makes New Investment in Jacobs Solutions Inc. $J

BlackRock Inc. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,893,728 shares of the company's stock, valued at approximately $1,372,610,000. BlackRock Inc. owned 9.23% of Jacobs Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of J. Empowered Funds LLC lifted its stake in Jacobs Solutions by 92.3% in the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company's stock valued at $812,000 after acquiring an additional 3,226 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company's stock valued at $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Jacobs Solutions in the second quarter worth $321,000. Baird Financial Group Inc. lifted its position in shares of Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company's stock worth $1,975,000 after purchasing an additional 248 shares in the last quarter. Finally, AXA S.A. boosted its holdings in Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company's stock worth $2,586,000 after purchasing an additional 2,556 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the business'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 transaction of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Up 0.4%

Shares of J stock opened at $148.00 on Friday. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 52.48, a PEG ratio of 1.42 and a beta of 0.68. The firm's 50-day moving average is $132.73 and its 200-day moving average is $129.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29.

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, topping analysts' consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion during 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%.Jacobs Solutions's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current 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 paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions's payout ratio is currently 51.06%.

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Wells Fargo & Company cut their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 7th. Citigroup increased their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Truist Financial dropped their target price on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

About Jacobs Solutions

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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