Commerce Bank Acquires Shares of 7,125 Jacobs Solutions Inc. $J

Commerce Bank bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,125 shares of the company's stock, valued at approximately $898,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Jacobs Solutions during the 2nd quarter worth about $1,372,610,000. State Street Corp boosted its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company's stock valued at $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley boosted its stake in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company's stock valued at $447,673,000 after purchasing an additional 552,277 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $424,846,000 after buying an additional 28,076 shares during the period. Finally, Boston Partners grew its position in shares of Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company's stock worth $456,746,000 after buying an additional 108,134 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Patrick Hill sold 17,201 shares of the firm's stock in a transaction 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 sale, the president owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on J shares. Truist Financial reduced 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. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 7th. Weiss Ratings upgraded Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Stock Up 0.6%

Shares of NYSE J opened at $151.70 on Thursday. The stock has a market cap of $17.91 billion, a P/E ratio of 53.79, a P/E/G ratio of 1.45 and a beta of 0.68. The firm has a 50 day moving average price of $134.82 and a 200 day moving average price of $130.10. 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 Inc. has a 52-week low of $105.68 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio is currently 51.06%.

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.

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source