Callan Family Office LLC Invests $1.65 Million in Jacobs Solutions Inc. $J

Key Points

• Callan Family Office purchased 13,085 shares of Jacobs Solutions worth approximately $1.65 million, while institutional investors collectively own 85.65% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $153.70; estimates range from $131 to $174.
• Jacobs slightly exceeded quarterly expectations, reporting $1.84 in EPS and $2.42 billion in revenue, up 8.3% year over year. The company also declared a quarterly dividend of $0.36 per share, representing a 1.0% yield.

Callan Family Office LLC purchased a new position 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 purchased 13,085 shares of the company's stock, valued at approximately $1,649,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Jacobs Solutions during the 2nd quarter worth approximately $1,372,610,000. State Street Corp boosted its stake in shares of Jacobs Solutions by 3.4% in the fourth quarter. State Street Corp now owns 7,367,828 shares of the company's stock valued at $975,942,000 after buying an additional 243,345 shares in the last quarter. Morgan Stanley boosted its stake in shares of Jacobs Solutions by 19.5% in the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company's stock valued at $447,673,000 after buying an additional 552,277 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Jacobs Solutions by 0.9% in the fourth 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 in the last quarter. Finally, Boston Partners grew its holdings in Jacobs Solutions by 3.7% during the third quarter. Boston Partners now owns 3,040,383 shares of the company's stock worth $456,746,000 after acquiring an additional 108,134 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on J. Wells Fargo & Company cut their price objective 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. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Truist Financial cut their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $153.70.

Insiders Place Their Bets

In other news, President Patrick Hill sold 17,201 shares of the business's stock in a transaction 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 of the company's stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.48% of the company's stock.

Jacobs Solutions Trading Down 0.2%

Shares of J stock opened at $149.77 on Monday. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The stock has a market cap of $17.68 billion, a P/E ratio of 53.11, a P/E/G ratio of 1.45 and a beta of 0.68. The business has a fifty day simple moving average of $133.18 and a 200-day simple moving average of $129.86. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate 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 was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders 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 yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is presently 51.06%.

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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