Korea Investment CORP Acquires 46,187 Shares of Jacobs Solutions Inc. $J

Korea Investment CORP grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 38.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,093 shares of the company’s stock after acquiring an additional 46,187 shares during the quarter. Korea Investment CORP’s holdings in Jacobs Solutions were worth $24,741,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in J. Envestnet Asset Management Inc. raised its position in Jacobs Solutions by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after purchasing an additional 7,072 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Jacobs Solutions by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 79,244 shares of the company’s stock valued at $10,403,000 after purchasing an additional 12,363 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Jacobs Solutions by 20.4% during the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Jacobs Solutions by 40.5% during the second quarter. Prudential Financial Inc. now owns 95,803 shares of the company’s stock worth $12,593,000 after purchasing an additional 27,626 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Jacobs Solutions by 34.2% in the third quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after buying an additional 35,380 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $131.84 on Wednesday. The stock’s 50 day moving average is $137.96 and its 200 day moving average is $143.60. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The firm has a market cap of $15.48 billion, a P/E ratio of 36.12, a P/E/G ratio of 1.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio is currently 39.45%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on J. Royal Bank Of Canada dropped their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Truist Financial reduced their target price on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Wells Fargo & Company raised 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 note on Friday, January 23rd. Robert W. Baird reiterated a “neutral” rating and set a $146.00 price target (down from $161.00) on shares of Jacobs Solutions in a report on Friday, November 21st. Finally, Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.60.

Insider Buying and Selling at Jacobs Solutions

In related news, President Shannon Miller sold 1,440 shares of Jacobs Solutions 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 completion of the transaction, the president owned 25,344 shares of the company’s stock, valued at $3,399,390.72. This trade represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.

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.