QRG Capital Management Inc. Trims Position in Jacobs Solutions Inc. $J

QRG Capital Management Inc. decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 18.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,292 shares of the company’s stock after selling 13,150 shares during the period. QRG Capital Management Inc.’s holdings in Jacobs Solutions were worth $8,436,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Forum Financial Management LP raised its stake in shares of Jacobs Solutions by 2.0% during the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after acquiring an additional 63 shares in the last quarter. Harfst & Associates Inc. increased its holdings in Jacobs Solutions by 0.5% during the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. raised its position in Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after purchasing an additional 70 shares in the last quarter. D.A. Davidson & CO. raised its position in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock valued at $584,000 after purchasing an additional 71 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Jacobs Solutions by 3.8% in the 2nd quarter. Huntington National Bank now owns 2,010 shares of the company’s stock worth $264,000 after buying an additional 73 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jacobs Solutions news, Director Peter J. Robertson bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $134,760. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Venkatesh Nathamuni bought 750 shares of the stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the purchase, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. The trade was a 3.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 2,513 shares of company stock valued at $335,878 in the last ninety days. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Down 1.1%

Jacobs Solutions stock opened at $139.98 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $16.53 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 1.53 and a beta of 0.81. The stock has a 50-day moving average of $138.57 and a two-hundred day moving average of $144.49. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, December 2nd. Jacobs Solutions’s payout ratio is presently 52.89%.

Wall Street Analyst Weigh In

A number of research analysts have commented on J shares. Robert W. Baird reissued a “neutral” rating and set a $146.00 target price (down previously from $161.00) on shares of Jacobs Solutions in a research report on Friday, November 21st. The Goldman Sachs Group assumed coverage on shares of Jacobs Solutions in a research note on Monday, November 24th. They issued a “buy” rating and a $158.00 price objective for the company. KeyCorp upped their target price on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company cut their price target on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Finally, Royal Bank Of Canada decreased their price objective on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $155.90.

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.