ING Groep NV boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 63.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,448 shares of the company’s stock after purchasing an additional 5,995 shares during the quarter. ING Groep NV’s holdings in Jacobs Solutions were worth $2,046,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after acquiring an additional 7,072 shares in the last quarter. Kepler Cheuvreux Suisse SA acquired a new position in Jacobs Solutions in the 4th quarter valued at approximately $2,161,000. Northwestern Mutual Wealth Management Co. raised its holdings in Jacobs Solutions by 737.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after acquiring an additional 140,179 shares in the last quarter. Citigroup Inc. raised its holdings in Jacobs Solutions by 34.2% in the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after acquiring an additional 35,380 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Jacobs Solutions by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after acquiring an additional 73,567 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
Analyst Ratings Changes
J has been the subject of several recent research reports. Citigroup upped their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.
Insider Buying and Selling
In related news, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the acquisition, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel J. Fernandez bought 403 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the acquisition, the director owned 12,251 shares in the company, valued at $1,493,764.43. This represents a 3.40% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by insiders.
Jacobs Solutions Trading Up 4.7%
Shares of J opened at $125.57 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $122.63 and a 200-day simple moving average of $131.17. The stock has a market cap of $14.83 billion, a PE ratio of 39.00, a PEG ratio of 1.16 and a beta of 0.69.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm posted $1.43 EPS. Jacobs Solutions’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. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.
Jacobs Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 44.72%.
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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