Legal & General Group Plc Lowers Position in Jacobs Solutions Inc. $J

Key Points

• Legal & General Group Plc cut its stake in Jacobs Solutions by 14.3% in the fourth quarter, selling 124,572 shares and ending with 749,103 shares worth about $99.2 million.
• Jacobs Solutions reported better-than-expected quarterly results, with EPS of $1.75 versus $1.64 expected and revenue of $2.33 billion, up 8.9% from a year earlier. The company also reiterated FY 2026 guidance of 7.10 to 7.35 EPS.
• The company announced a quarterly dividend of $0.36 per share, payable June 19, representing a 1.2% yield. Analyst sentiment remains mixed, with a consensus rating of Moderate Buy and an average target price of $153.40.

Legal & General Group Plc lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 749,103 shares of the company's stock after selling 124,572 shares during the period. Legal & General Group Plc owned about 0.64% of Jacobs Solutions worth $99,226,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company's stock worth $418,085,000 after buying an additional 86,677 shares during the period. Boston Partners raised its stake 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. Bank of America Corp DE raised its stake in shares of Jacobs Solutions by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 2,070,799 shares of the company's stock worth $310,330,000 after buying an additional 178,753 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Jacobs Solutions by 15.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company's stock worth $230,406,000 after buying an additional 210,474 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Jacobs Solutions by 68.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company's stock worth $168,194,000 after buying an additional 525,291 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 2.6%

NYSE J opened at $118.91 on Friday. The business has a fifty day moving average price of $123.61 and a 200 day moving average price of $132.86. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $14.04 billion, a P/E ratio of 36.93, a P/E/G ratio of 1.12 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm'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. Research analysts anticipate that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Zacks Research raised Jacobs Solutions from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 5th. Robert W. Baird reduced their target price on Jacobs Solutions from $130.00 to $126.00 and set a "neutral" rating for the company in a research note on Monday, April 13th. Wall Street Zen downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Wells Fargo & Company reduced their target price on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a research note on Thursday, May 7th. Finally, KeyCorp reduced their target price 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. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.40.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Manuel J. Fernandez bought 253 shares of the company's stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Shannon Miller sold 1,440 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president owned 25,344 shares of the company's stock, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased a total of 4,257 shares of company stock worth $477,651 in the last three months. 0.48% of the stock is owned by corporate 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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