Key Points
- Director Manuel Fernandez bought 403 shares of Jacobs Solutions at $121.93 each, a transaction worth about $49,138. His stake rose 3.4% to 12,251 shares.
- Jacobs Solutions shares were down 2.3% and opened at $114.31, near the stock’s 52-week low of $114.14. The company has a market value of about $13.5 billion.
- The company recently reported better-than-expected quarterly results, with EPS of $1.75 versus the $1.64 estimate and revenue up 8.9% year over year. Jacobs also declared a quarterly dividend of $0.36 per share, or $1.44 annually.
Jacobs Solutions Inc. (NYSE:J - Get Free Report) Director Manuel Fernandez acquired 403 shares of the business's stock in a transaction on Friday, May 8th. The shares were bought at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the acquisition, the director owned 12,251 shares in the company, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Jacobs Solutions Trading Down 2.3%
Jacobs Solutions stock opened at $114.31 on Wednesday. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 1.14 and a beta of 0.73. The company has a 50 day moving average price of $128.42 and a 200 day moving average price of $136.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. Jacobs Solutions Inc. has a 52 week low of $114.14 and a 52 week high of $168.44.
Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Jacobs Solutions's revenue for the quarter 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. Research analysts forecast that Jacobs Solutions Inc. will post 7.22 EPS for the current year.
Jacobs Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.36 per share. 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 1.3%. Jacobs Solutions's dividend payout ratio (DPR) is 44.72%.
Hedge Funds Weigh In On Jacobs Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Jacobs Solutions by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 41,394 shares of the company's stock valued at $5,269,000 after purchasing an additional 2,001 shares in the last quarter. Andra AP fonden bought a new stake in shares of Jacobs Solutions in the first quarter valued at about $5,362,000. Long Road Investment Counsel LLC lifted its stake in Jacobs Solutions by 4.4% in the 1st quarter. Long Road Investment Counsel LLC now owns 4,775 shares of the company's stock valued at $608,000 after acquiring an additional 200 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in Jacobs Solutions by 287.5% during the first quarter. Johnson Financial Group Inc. now owns 5,964 shares of the company's stock worth $759,000 after purchasing an additional 4,425 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth about $256,000. 85.65% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. KeyCorp decreased their target price on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a research note on Thursday, May 7th. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Zacks Research upgraded Jacobs Solutions from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $153.40.
Read Our Latest Stock Analysis on J
Jacobs Solutions Company Profile
(
Get 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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