Rakuten Investment Management Inc. Purchases Shares of 19,277 Jacobs Solutions Inc. $J

Key Points

• Rakuten Investment Management purchased 19,277 shares of Jacobs Solutions worth approximately $2.4 million, while institutional investors and hedge funds collectively own 85.65% of the company.
• Jacobs reported quarterly earnings of $1.84 per share and revenue of $2.42 billion, narrowly exceeding estimates; revenue increased 8.3% year over year. Analysts maintain a “Moderate Buy” consensus with a $153.70 average price target.
• The company declared a quarterly dividend of $0.36 per share, equal to an annualized $1.44 dividend and a 0.9% yield. Separately, President Patrick Hill sold 17,201 shares for approximately $2.48 million.

Rakuten Investment Management Inc. purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,277 shares of the company's stock, valued at approximately $2,387,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $1,372,610,000. Primecap Management Co. CA acquired a new position in Jacobs Solutions during the 2nd quarter worth approximately $575,291,000. Bank of America Corp DE bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $208,318,000. Ameriprise Financial Inc. grew its stake in shares of Jacobs Solutions by 828.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company's stock worth $174,434,000 after acquiring an additional 1,184,068 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Jacobs Solutions by 246.3% in the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock valued at $177,324,000 after purchasing an additional 952,151 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 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 trade represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on J. Wells Fargo & Company cut their price objective 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. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Sunday. 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. KeyCorp cut their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup increased their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Trading Up 0.1%

Shares of Jacobs Solutions stock opened at $152.17 on Monday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The stock has a market cap of $17.97 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.47 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The business's 50 day moving average is $136.03 and its 200-day moving average is $130.12.

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 the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm'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. Equities research analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

Jacobs Solutions Profile

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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