Jacobs Solutions Inc. $J Position Lessened by CI Investments Inc.

by · The Markets Daily

CI Investments Inc. lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 747,249 shares of the company’s stock after selling 7,248 shares during the quarter. CI Investments Inc. owned approximately 0.63% of Jacobs Solutions worth $95,110,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. Northwestern Mutual Wealth Management Co. boosted its position in shares of Jacobs Solutions by 737.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after buying an additional 140,179 shares during the period. Kepler Cheuvreux Suisse SA acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $2,161,000. Crossmark Global Holdings Inc. lifted its stake in shares of Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after acquiring an additional 19,427 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $3,312,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Jacobs Solutions by 24.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after acquiring an additional 169,059 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Manuel J. Fernandez acquired 253 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 4,257 shares of company stock valued at $477,651. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Up 0.2%

NYSE J opened at $129.70 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50 day simple moving average is $122.50 and its 200 day simple moving average is $129.27. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market capitalization of $15.32 billion, a P/E ratio of 40.28, a PEG ratio of 1.25 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 for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is 44.72%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird dropped their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Finally, KeyCorp cut their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $153.10.

Read Our Latest Research Report on J

About Jacobs Solutions

(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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