SFE Investment Counsel Buys New Stake in Jacobs Solutions Inc. $J

Key Points

• SFE Investment Counsel acquired 75,087 shares of Jacobs Solutions worth approximately $9.46 million, making the stock 1.3% of its portfolio; institutional investors collectively own 85.65% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $153.70. Recent targets range from $149 to $181.
• Jacobs exceeded quarterly expectations with $1.84 in earnings per share and $2.42 billion in revenue, while revenue rose 8.3% year over year; the company also declared a $0.36 quarterly dividend.

SFE Investment Counsel bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 75,087 shares of the company's stock, valued at approximately $9,461,000. Jacobs Solutions makes up about 1.3% of SFE Investment Counsel's portfolio, making the stock its 29th largest holding. SFE Investment Counsel owned approximately 0.06% of Jacobs Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings 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 valued at $174,434,000 after purchasing an additional 1,184,068 shares during the last quarter. Focus Partners Wealth increased its position in Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock valued at $177,324,000 after buying an additional 952,151 shares in the last quarter. L1 Capital International Pty Ltd increased its position in Jacobs Solutions by 363.6% during the 4th quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company's stock valued at $95,839,000 after buying an additional 567,478 shares in the last quarter. Morgan Stanley increased its position in Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company's stock valued at $447,673,000 after buying an additional 552,277 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company's stock valued at $168,194,000 after buying an additional 525,291 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada raised 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. Truist Financial cut their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. KeyCorp decreased 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. Citigroup lifted their target price 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. Finally, UBS Group boosted their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $153.70.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Jacobs Solutions Price Performance

NYSE:J opened at $144.67 on Friday. The firm's fifty day moving average is $130.97 and its two-hundred day moving average is $129.56. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.39 and a beta of 0.68. 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.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates 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 was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be 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 is Friday, August 21st. Jacobs Solutions's dividend payout ratio (DPR) is 51.06%.

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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