35,700 Shares in Jacobs Solutions Inc. $J Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new stake in Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,700 shares of the company’s stock, valued at approximately $4,498,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions in the third quarter worth about $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions during the 3rd quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at approximately $38,000. Torren Management LLC bought a new position in Jacobs Solutions in the 4th quarter worth approximately $41,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $46,000. 85.65% of the stock is owned by institutional investors.

Insider Transactions at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Truist Financial dropped their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Citigroup raised their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday, August 3rd. Finally, KeyCorp decreased their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $144.67 on Friday. The stock has a market capitalization of $17.08 billion, a P/E ratio of 51.30, a P/E/G ratio of 1.39 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The company’s 50-day moving average is $130.97 and its 200 day moving average is $129.56. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.

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.