Rhumbline Advisers Reduces Holdings in Jacobs Solutions Inc. $J

Rhumbline Advisers lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 4.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 258,750 shares of the company’s stock after selling 11,475 shares during the period. Rhumbline Advisers’ holdings in Jacobs Solutions were worth $38,776,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its position in Jacobs Solutions by 103.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares in the last quarter. Godsey & Gibb Inc. grew its holdings in shares of Jacobs Solutions by 121.0% during the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Jacobs Solutions by 65.4% in the third quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock valued at $33,000 after buying an additional 87 shares during the last quarter. First Horizon Corp purchased a new position in shares of Jacobs Solutions during the third quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC boosted its position in Jacobs Solutions by 63.3% during the third quarter. Golden State Wealth Management LLC now owns 258 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on J shares. Truist Financial reduced their price target on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. KeyCorp upped their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a research report on Monday, December 29th. Robert W. Baird downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group began coverage on Jacobs Solutions in a research report on Monday, November 24th. They issued a “buy” rating and a $158.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $156.60.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez bought 763 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $130.78 per share, with a total value of $99,785.14. Following the completion of the transaction, the director owned 10,380 shares in the company, valued at $1,357,496.40. The trade was a 7.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Venkatesh Nathamuni acquired 750 shares of the 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 purchase, the chief financial officer owned 20,785 shares in the company, valued at $2,808,261.35. This represents a 3.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 2,513 shares of company stock valued at $335,878 in the last ninety days. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $132.65 on Friday. The business’s 50-day simple moving average is $137.58 and its 200 day simple moving average is $144.79. The company has a market cap of $15.58 billion, a P/E ratio of 36.34, a PEG ratio of 1.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.33 and a current ratio of 1.33. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44.

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

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be issued a $0.36 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is presently 39.45%.

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.