Palouse Capital Management Inc. Takes Position in Jacobs Solutions Inc. $J

Palouse Capital Management Inc. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:JFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,866 shares of the company’s stock, valued at approximately $2,274,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IFM Investors Pty Ltd boosted its stake in shares of Jacobs Solutions by 32.9% during the first quarter. IFM Investors Pty Ltd now owns 35,468 shares of the company’s stock valued at $4,514,000 after purchasing an additional 8,782 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Jacobs Solutions by 1.6% in the first quarter. Apollon Wealth Management LLC now owns 10,265 shares of the company’s stock worth $1,307,000 after buying an additional 160 shares during the period. Princeton Global Asset Management LLC raised its holdings in Jacobs Solutions by 2,030.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 4,901 shares of the company’s stock valued at $624,000 after buying an additional 4,671 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Jacobs Solutions by 46.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 185,563 shares of the company’s stock valued at $23,618,000 after buying an additional 58,846 shares during the last quarter. Finally, Union Bancaire Privee UBP SA boosted its position in Jacobs Solutions by 24.1% during the 1st quarter. Union Bancaire Privee UBP SA now owns 19,444 shares of the company’s stock valued at $2,475,000 after buying an additional 3,780 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Manuel J. Fernandez acquired 403 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the acquisition, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This represents a 3.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert V. Pragada acquired 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,257 shares of company stock worth $477,651 in the last quarter. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on J. Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Wells Fargo & Company dropped their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. KeyCorp cut their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Read Our Latest Report on Jacobs Solutions

Jacobs Solutions Stock Performance

Shares of J stock opened at $124.83 on Thursday. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 1.22 and a beta of 0.69. The stock has a fifty day moving average of $121.47 and a 200 day moving average of $129.83. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:JGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm earned $1.43 EPS. The company’s quarterly 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. As a group, research analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, May 22nd were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. Jacobs Solutions’s payout ratio is currently 44.72%.

Jacobs Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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