NEOS Investment Management LLC Acquires 6,241 Shares of Jacobs Solutions Inc. $J

NEOS Investment Management LLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 71.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,024 shares of the company’s stock after purchasing an additional 6,241 shares during the quarter. NEOS Investment Management LLC’s holdings in Jacobs Solutions were worth $2,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Jacobs Solutions by 13.7% during the third quarter. Fifth Third Bancorp now owns 4,584 shares of the company’s stock valued at $687,000 after acquiring an additional 553 shares during the last quarter. JPMorgan Chase & Co. increased its position in Jacobs Solutions by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after purchasing an additional 73,567 shares during the period. PNC Financial Services Group Inc. raised its holdings in Jacobs Solutions by 4.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,773 shares of the company’s stock worth $5,661,000 after purchasing an additional 1,689 shares in the last quarter. Investment Partners LTD. lifted its holdings in Jacobs Solutions by 5.9% in the third quarter. Investment Partners LTD. now owns 1,819 shares of the company’s stock worth $273,000 after buying an additional 101 shares during the period. Finally, Aberdeen Group plc lifted its stake in shares of Jacobs Solutions by 23.7% in the 3rd quarter. Aberdeen Group plc now owns 178,002 shares of the company’s stock valued at $26,522,000 after purchasing an additional 34,122 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of several research reports. Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Citigroup cut their price target on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jacobs Solutions in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Wall Street Zen cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $156.60.

Jacobs Solutions Price Performance

NYSE J opened at $137.76 on Friday. The business’s fifty day moving average is $137.64 and its 200 day moving average is $144.65. 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 fifty-two week low of $106.23 and a fifty-two week high of $168.44. The company has a market capitalization of $16.18 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 1.44 and a beta of 0.80.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio is currently 35.07%.

Insider Transactions at Jacobs Solutions

In related news, Director Peter J. Robertson purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $134,760. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Venkatesh Nathamuni purchased 750 shares of the business’s stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $135.11 per share, with a total value of $101,332.50. Following the acquisition, the chief financial officer directly 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. Over the last quarter, insiders have purchased 2,513 shares of company stock valued at $335,878. 0.48% of the stock is currently owned by corporate insiders.

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.