Cacti Asset Management LLC bought a new position in Jacobs Solutions Inc. (NYSE:J – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 587,472 shares of the company’s stock, valued at approximately $74,021,000. Jacobs Solutions makes up about 3.7% of Cacti Asset Management LLC’s holdings, making the stock its 9th biggest holding.
A number of other institutional investors also recently modified their holdings of J. Measured Wealth Private Client Group LLC purchased a new stake in shares of Jacobs Solutions during the third quarter worth $27,000. Keating Financial Advisory Services Inc. purchased a new position in Jacobs Solutions in the second quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new position in Jacobs Solutions in the third quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $38,000. Finally, Compass Financial Management LLC acquired a new position in Jacobs Solutions in the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Insiders Place Their Bets
In related news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Jacobs Solutions
Jacobs Solutions Trading Up 1.0%
Jacobs Solutions stock opened at $152.17 on Friday. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company’s fifty day moving average price is $136.03 and its two-hundred day moving average price is $130.27. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 53.96, a PEG ratio of 1.47 and a beta of 0.68.
Jacobs Solutions (NYSE:J – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. The company had revenue of $2.42 billion during 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 business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.
Jacobs Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 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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