Jacobs Solutions Inc. $J Holdings Decreased by Payden & Rygel

Payden & Rygel reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,600 shares of the company’s stock after selling 33,100 shares during the period. Payden & Rygel’s holdings in Jacobs Solutions were worth $7,895,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions in the third quarter worth $27,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions during the third quarter worth $33,000. Princeton Global Asset Management LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the 4th quarter worth about $31,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Jacobs Solutions by 63.3% in the 3rd quarter. Golden State Wealth Management LLC now owns 258 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on J shares. Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.40.

Jacobs Solutions Stock Up 2.7%

J opened at $113.52 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $13.40 billion, a PE ratio of 35.26, a P/E/G ratio of 1.07 and a beta of 0.73. The stock’s fifty day moving average is $126.25 and its 200-day moving average is $135.13. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Jacobs Solutions’s revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. Jacobs Solutions’s payout ratio is currently 44.72%.

Insider Transactions at Jacobs Solutions

In related news, President Shannon Miller sold 1,440 shares of the firm’s stock in a transaction that occurred 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 sale, the president directly owned 25,344 shares in the company, valued at approximately $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 SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the transaction, the director owned 12,251 shares of the company’s stock, valued at $1,493,764.43. The trade was a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,257 shares of company stock valued at $477,651 in the last quarter. Insiders own 0.48% of the company’s stock.

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.