QRG Capital Management Inc. Lowers Stake in Jacobs Solutions Inc. $J

QRG Capital Management Inc. decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 18.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,292 shares of the company’s stock after selling 13,150 shares during the quarter. QRG Capital Management Inc.’s holdings in Jacobs Solutions were worth $8,436,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after acquiring an additional 3,226 shares during the period. Woodline Partners LP lifted its holdings in Jacobs Solutions by 38.7% in the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after purchasing an additional 2,891 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Jacobs Solutions in the 2nd quarter worth approximately $321,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Jacobs Solutions by 3.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,569 shares of the company’s stock valued at $1,784,000 after buying an additional 390 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $424,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other news, Director Peter J. Robertson purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $134,760. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Venkatesh Nathamuni bought 750 shares of the company’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $135.11 per share, with a total value of $101,332.50. Following the transaction, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 2,513 shares of company stock worth $335,878. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on J shares. Truist Financial dropped their target price on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Barclays boosted their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Bank of America cut their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Robert W. Baird reaffirmed a “neutral” rating and issued a $146.00 target price (down from $161.00) on shares of Jacobs Solutions in a report on Friday, November 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $155.90.

Jacobs Solutions Trading Down 1.1%

Shares of NYSE J opened at $139.98 on Friday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average is $138.57 and its two-hundred day moving average is $144.49. The stock has a market capitalization of $16.53 billion, a P/E ratio of 57.84, a PEG ratio of 1.53 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last announced its earnings results on Thursday, November 20th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business earned $1.37 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio is currently 52.89%.

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.