Commerce Bank Acquires Shares of 7,125 Jacobs Solutions Inc. $J

Commerce Bank bought a new position in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,125 shares of the company’s stock, valued at approximately $898,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Jacobs Solutions during the 2nd quarter worth about $1,372,610,000. State Street Corp boosted its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley boosted its stake in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after purchasing an additional 552,277 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the period. Finally, Boston Partners grew its position in shares of Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after buying an additional 108,134 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction 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 sale, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on J shares. Truist Financial reduced their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. 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 research note on Thursday, May 7th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions Stock Up 0.6%

Shares of NYSE J opened at $151.70 on Thursday. The stock has a market cap of $17.91 billion, a P/E ratio of 53.79, a P/E/G ratio of 1.45 and a beta of 0.68. The firm has a 50 day moving average price of $134.82 and a 200 day moving average price of $130.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J) 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 firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

Jacobs Solutions 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.