MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $111.84 Million Stock Holdings in Jacobs Solutions Inc. $J

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 850,787 shares of the company’s stock after selling 7,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Jacobs Solutions were worth $111,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of J. Invesco Ltd. raised its position in shares of Jacobs Solutions by 21.4% in the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after buying an additional 460,283 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Jacobs Solutions by 350.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock worth $72,638,000 after purchasing an additional 429,880 shares in the last quarter. Ninety One UK Ltd increased its position in Jacobs Solutions by 17.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares during the period. Nuveen LLC bought a new position in Jacobs Solutions during the 1st quarter worth $43,251,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of Jacobs Solutions during the second quarter worth about $40,482,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez purchased 763 shares of the business’s stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, with a total value of $99,785.14. Following the acquisition, the director directly owned 10,380 shares in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Venkatesh Nathamuni acquired 750 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $135.11 per share, with a total value of $101,332.50. Following the purchase, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at $2,808,261.35. This trade represents a 3.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,513 shares of company stock worth $335,878 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on J. The Goldman Sachs Group initiated coverage on Jacobs Solutions in a research report on Monday, November 24th. They set a “buy” rating and a $158.00 target price on the stock. Wells Fargo & Company cut their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Citigroup lowered their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Bank of America cut their target price on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Truist Financial dropped their price target on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.90.

Jacobs Solutions Stock Performance

NYSE:J opened at $136.60 on Friday. The business’s fifty day moving average is $149.32 and its 200 day moving average is $142.82. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 1.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio is 52.89%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.