Citizens Financial Group Inc. RI Makes New Investment in Jacobs Solutions Inc. $J

Citizens Financial Group Inc. RI acquired 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 SEC. The institutional investor acquired 54,542 shares of the company's stock, valued at approximately $6,872,000.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Jacobs Solutions in the third quarter worth about $27,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions during the third quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at approximately $38,000. Torren Management LLC bought a new stake in Jacobs Solutions in the 4th quarter worth approximately $41,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Jacobs Solutions in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on J. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Truist Financial decreased their price target 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of Jacobs Solutions in a research report on Monday, August 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Trading Down 0.7%

Shares of J stock opened at $143.63 on Tuesday. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. 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 stock's 50 day simple moving average is $131.44 and its two-hundred day simple moving average is $129.55. The company has a market cap of $16.96 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its 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 firm 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%.The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

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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