Havemeyer Place LP Invests $2.66 Million in Jacobs Solutions Inc. $J

Key Points

• Havemeyer Place LP initiated a new position in Jacobs Solutions during the fourth quarter, buying 20,103 shares worth about $2.66 million. The stake represents roughly 0.5% of the fund’s holdings.
• Jacobs Solutions reported strong quarterly results, with earnings of $1.75 per share versus $1.64 expected and revenue of $2.33 billion, above estimates. The company also reaffirmed FY2026 EPS guidance of 7.10 to 7.35.
• The company declared a quarterly dividend of $0.36 per share, payable June 19, and insiders were active buyers, including CEO Robert V. Pragada and Director Manuel J. Fernandez. Analysts currently rate the stock a Moderate Buy with a consensus price target of $153.40.

Havemeyer Place LP bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,103 shares of the company's stock, valued at approximately $2,663,000. Jacobs Solutions makes up about 0.5% of Havemeyer Place LP's holdings, making the stock its 29th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Jacobs Solutions by 75.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,471 shares of the company's stock worth $2,844,000 after buying an additional 9,227 shares in the last quarter. Wharton Business Group LLC raised its stake in Jacobs Solutions by 0.5% during the fourth quarter. Wharton Business Group LLC now owns 62,160 shares of the company's stock valued at $8,234,000 after purchasing an additional 305 shares in the last quarter. Pinebridge Investments LLC purchased a new stake in Jacobs Solutions during the fourth quarter valued at $3,996,000. WINTON GROUP Ltd raised its stake in Jacobs Solutions by 122.1% during the fourth quarter. WINTON GROUP Ltd now owns 8,586 shares of the company's stock valued at $1,137,000 after purchasing an additional 4,721 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Jacobs Solutions during the fourth quarter valued at $991,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.7%

J stock opened at $122.69 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The firm's fifty day simple moving average is $122.82 and its two-hundred day simple moving average is $131.66.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.36 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Jacobs Solutions's payout ratio is 44.72%.

Insiders Place Their Bets

In other news, CEO Robert V. Pragada acquired 3,601 shares of the business's stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer directly owned 333,755 shares of the company's stock, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Manuel J. Fernandez acquired 403 shares of the business's stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the transaction, the director directly owned 12,251 shares of the company's stock, valued at approximately $1,493,764.43. The trade was a 3.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,257 shares of company stock worth $477,651 in the last quarter. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Wells Fargo & Company decreased 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 note on Thursday, May 7th. Weiss Ratings downgraded shares of Jacobs Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus price target of $153.40.

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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