Korea Investment CORP Takes $3.35 Million Position in Jacobs Solutions Inc. $J

Korea Investment CORP acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,587 shares of the company's stock, valued at approximately $3,350,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Callan Family Office LLC bought a new stake in shares of Jacobs Solutions in the second quarter worth about $1,649,000. Keebeck Wealth Management acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at approximately $264,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at approximately $30,000. Alaska Wealth Advisors LLC bought a new stake in Jacobs Solutions during the 2nd quarter worth approximately $291,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in Jacobs Solutions during the 2nd quarter worth approximately $869,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

NYSE J opened at $151.46 on Tuesday. 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 Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a market capitalization of $17.88 billion, a PE ratio of 53.71, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The firm's 50 day moving average is $133.73 and its 200-day moving average is $129.99.

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 the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions's dividend payout ratio is currently 51.06%.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated 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 sale, the president owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on J shares. Truist Financial cut 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 upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. UBS Group upped their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wells Fargo & Company dropped 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. Finally, Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.70.

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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