Vontobel Holding Ltd. cut its holdings in Jacobs Solutions Inc. (NYSE:J – Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,766 shares of the company’s stock after selling 8,646 shares during the quarter. Vontobel Holding Ltd.’s holdings in Jacobs Solutions were worth $51,641,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LP acquired a new position in Jacobs Solutions during the 2nd quarter worth approximately $5,225,000. Amundi boosted its position in Jacobs Solutions by 4.0% in the second quarter. Amundi now owns 883,673 shares of the company’s stock valued at $111,328,000 after buying an additional 34,298 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Jacobs Solutions during the second quarter worth $37,046,000. Ancora Advisors LLC grew its stake in shares of Jacobs Solutions by 34.9% during the second quarter. Ancora Advisors LLC now owns 31,427 shares of the company’s stock worth $3,960,000 after buying an additional 8,130 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Jacobs Solutions by 59.8% during the first quarter. NewEdge Advisors LLC now owns 44,267 shares of the company’s stock worth $5,634,000 after buying an additional 16,571 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.
Jacobs Solutions Trading Down 0.7%
J stock traded down $1.06 during midday trading on Friday, hitting $140.91. The stock had a trading volume of 1,006,928 shares, compared to its average volume of 893,354. The business has a fifty day moving average price of $143.51 and a two-hundred day moving average price of $132.04. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The firm has a market cap of $16.64 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.
Jacobs Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s payout ratio is 51.06%.
Insider Buying and Selling at Jacobs Solutions
In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on J. UBS Group increased their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Royal Bank Of Canada increased their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Truist Financial cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Finally, KeyCorp cut their price target on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.40.
Check Out Our Latest Research Report on Jacobs Solutions
Jacobs Solutions Profile
Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.
Jacobs helps clients plan, design, build, operate, and maintain assets and systems.
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