Amundi raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 24.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849,375 shares of the company's stock after purchasing an additional 166,467 shares during the quarter. Amundi owned 0.72% of Jacobs Solutions worth $108,101,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vident Advisory LLC boosted its stake in shares of Jacobs Solutions by 0.8% in the second quarter. Vident Advisory LLC now owns 9,794 shares of the company's stock valued at $1,287,000 after purchasing an additional 75 shares during the period. Gratus Wealth Advisors LLC increased its position in shares of Jacobs Solutions by 1.3% during the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company's stock worth $820,000 after acquiring an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Jacobs Solutions by 0.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company's stock worth $1,585,000 after acquiring an additional 81 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company's stock worth $137,000 after acquiring an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company's stock valued at $661,000 after purchasing an additional 93 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Jacobs Solutions Price Performance
Shares of NYSE J opened at $135.18 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $15.96 billion, a PE ratio of 41.98, a P/E/G ratio of 1.31 and a beta of 0.69. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The business's fifty day moving average price is $126.06 and its two-hundred day moving average price is $129.19.
Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company's revenue for the quarter 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. On average, research analysts expect that Jacobs Solutions Inc. will post 7.22 EPS for the current year.
Jacobs Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions's dividend payout ratio is presently 44.72%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on J. KeyCorp lowered their price objective on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, May 6th. Citigroup upped their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $169.00 to $171.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. 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 report on Thursday, May 7th. 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $153.30.
View Our Latest Analysis on Jacobs Solutions
Insider Transactions at Jacobs Solutions
In related news, Director Manuel J. Fernandez bought 403 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was 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. This represents a 3.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada purchased 3,601 shares of the company's stock in a transaction on Friday, May 15th. The shares were bought 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 in the company, valued at $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 4,257 shares of company stock valued at $477,651 in the last quarter. 0.48% of the stock is currently owned by insiders.
Jacobs Solutions Profile
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Free Report)
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.
Further Reading
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