QRG Capital Management Inc. Lowers Stake in Jacobs Solutions Inc. $J

Key Points

• QRG Capital Management cut its Jacobs Solutions stake by 85.7% in the second quarter, selling 45,904 shares and retaining 7,661 shares valued at approximately $965,000. Institutional investors still own 85.65% of the company.
• Analyst sentiment remains positive, with six Buy and six Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $153.70.
• Jacobs Solutions exceeded quarterly earnings and revenue estimates, reporting $1.84 in EPS and $2.42 billion in revenue, while maintaining fiscal 2026 EPS guidance of $7.20–$7.30 and a quarterly dividend of $0.36 per share.

QRG Capital Management Inc. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 85.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,661 shares of the company's stock after selling 45,904 shares during the quarter. QRG Capital Management Inc.'s holdings in Jacobs Solutions were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LP purchased a new position in Jacobs Solutions during the 2nd quarter worth $5,225,000. Goldman Sachs Group Inc. lifted its position in shares of Jacobs Solutions by 24.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company's stock valued at $112,962,000 after buying an additional 169,059 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Jacobs Solutions by 12.6% in the fourth quarter. BNP Paribas Financial Markets now owns 207,533 shares of the company's stock valued at $27,490,000 after acquiring an additional 23,222 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Jacobs Solutions in the 2nd quarter worth $37,046,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Jacobs Solutions in the fourth quarter worth about $12,968,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on J shares. UBS Group boosted their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Royal Bank Of Canada upped their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Finally, Truist Financial cut their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a report on Thursday, July 2nd. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $153.70.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the business's 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $138.47 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company has a market cap of $16.35 billion, a PE ratio of 49.10, a P/E/G ratio of 1.98 and a beta of 0.70. The business has a 50-day simple moving average of $142.99 and a 200-day simple moving average of $131.06.

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

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Jacobs Solutions's dividend payout ratio is currently 51.06%.

About Jacobs Solutions

Jacobs Solutions Inc NYSE: J is a global professional services and technical consulting company that provides engineering, design, consulting, program and construction management, and operations services. The company works with public- and private-sector clients on complex projects involving infrastructure, transportation, water, environmental services, energy, advanced manufacturing, life sciences, and other critical facilities.

Jacobs supports the planning, design, delivery, and operation of large-scale assets and systems.

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J - Free Report).

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.