Ninety One North America Inc. Sells 18,435 Shares of Jacobs Solutions Inc. $J

Key Points

• Ninety One North America reduced its Jacobs Solutions stake by 42.7% in the third quarter, selling 18,435 shares and retaining 24,725 shares valued at approximately $3.35 million. Institutional investors collectively own 85.65% of the company.
• Jacobs Solutions shares fell 1.2% to $140.28, while the company reported quarterly EPS of $1.84 and revenue of $2.42 billion, slightly exceeding analyst expectations. Revenue increased 8.3% year over year.
• The company declared a quarterly dividend of $0.36, equivalent to a 1.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $156.40.

Ninety One North America Inc. cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 42.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,725 shares of the company's stock after selling 18,435 shares during the period. Ninety One North America Inc.'s holdings in Jacobs Solutions were worth $3,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NBH Bank acquired a new position in shares of Jacobs Solutions in the 2nd quarter worth approximately $28,000. Continuum Advisory LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $30,000. Compass Financial Management LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $43,000. Finally, Mather Group LLC. raised its position in Jacobs Solutions by 79.7% in the third quarter. Mather Group LLC. now owns 345 shares of the company's stock valued at $47,000 after purchasing an additional 153 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 1.2%

Shares of Jacobs Solutions stock traded down $1.73 during trading hours on Thursday, reaching $140.28. 272,618 shares of the company were exchanged, compared to its average volume of 1,001,112. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The stock's fifty day moving average is $143.64 and its 200 day moving average is $131.86. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $16.56 billion, a PE ratio of 49.69, a PEG ratio of 1.78 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.25 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the 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 sale, the president owned 67,356 shares of the company's stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

J has been the topic of several research analyst reports. UBS Group boosted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, August 10th. Royal Bank Of Canada raised their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. KeyCorp dropped their target price on Jacobs Solutions from $168.00 to $166.00 and set an "overweight" rating for the company in a research report on Thursday. Wall Street Zen lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Finally, Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.40.

Jacobs Solutions Profile

Jacobs Solutions Inc NYSE: J, formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.