Legal & General Group Plc Acquires Shares of 619,631 Jacobs Solutions Inc. $J

Legal & General Group Plc bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 619,631 shares of the company's stock, valued at approximately $78,074,000. Legal & General Group Plc owned 0.52% of Jacobs Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of J. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions during the third quarter worth about $27,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at approximately $38,000. Finally, Torren Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $41,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on J shares. Wells Fargo & Company reduced 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 report on Thursday, May 7th. KeyCorp lowered their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. UBS Group upped their target price on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Citigroup raised their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $150.41 on Friday. The company's 50 day moving average price is $135.41 and its two-hundred day moving average price is $130.11. The firm has a market capitalization of $17.76 billion, a P/E ratio of 53.34, a P/E/G ratio of 1.46 and a beta of 0.68. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week 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.

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

Jacobs Solutions Announces Dividend

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 dividend of $0.36 per share. 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 payout ratio is currently 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares of the company's stock, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently 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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