Jacobs Solutions Inc. $J Stock Position Lowered by OFI Invest Asset Management
by Teresa Graham · The Cerbat GemOFI Invest Asset Management lessened its position in Jacobs Solutions Inc. (NYSE:J – Free Report) by 91.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,112 shares of the company’s stock after selling 31,702 shares during the period. OFI Invest Asset Management’s holdings in Jacobs Solutions were worth $412,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in J. Ameriprise Financial Inc. lifted its position in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after acquiring an additional 1,184,068 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Jacobs Solutions by 68.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after acquiring an additional 525,291 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after acquiring an additional 520,417 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $43,774,000. Finally, Amundi lifted its position in shares of Jacobs Solutions by 75.1% in the 3rd quarter. Amundi now owns 601,131 shares of the company’s stock valued at $92,109,000 after acquiring an additional 257,767 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.60.
View Our Latest Stock Report on J
Jacobs Solutions Trading Down 3.3%
Shares of NYSE:J opened at $122.92 on Friday. The firm has a fifty day moving average of $133.66 and a two-hundred day moving average of $140.70. The firm has a market capitalization of $14.44 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77. Jacobs Solutions Inc. has a 12-month low of $112.37 and a 12-month high of $168.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.
Jacobs Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 20th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s payout ratio is 39.45%.
Insider Buying and Selling at Jacobs Solutions
In other news, President Shannon Miller sold 1,440 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the transaction, the president owned 25,344 shares in the company, valued at approximately $3,399,390.72. This trade represents a 5.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.48% of the company’s stock.
Jacobs Solutions Company 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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