NEOS Investment Management LLC Acquires 6,241 Shares of Jacobs Solutions Inc. $J

NEOS Investment Management LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 71.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,024 shares of the company’s stock after purchasing an additional 6,241 shares during the period. NEOS Investment Management LLC’s holdings in Jacobs Solutions were worth $2,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ingalls & Snyder LLC purchased a new stake in shares of Jacobs Solutions during the second quarter worth $558,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Jacobs Solutions by 409.3% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after purchasing an additional 10,057 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Jacobs Solutions by 90.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after purchasing an additional 2,548 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after buying an additional 7,072 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Jacobs Solutions by 125.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 10,520 shares of the company’s stock worth $1,383,000 after acquiring an additional 5,863 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

J has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Royal Bank Of Canada decreased their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. The Goldman Sachs Group assumed coverage on shares of Jacobs Solutions in a report on Monday, November 24th. They issued a “buy” rating and a $158.00 price objective on the stock. Finally, Citigroup cut their target price on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.60.

Insider Activity

In related news, Director Manuel J. Fernandez purchased 763 shares of Jacobs Solutions stock in a transaction that occurred 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 completion of the transaction, the director directly owned 10,380 shares in the company, valued at approximately $1,357,496.40. The trade was a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Robertson acquired 1,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $134,760. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 2,513 shares of company stock worth $335,878. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Stock Down 1.1%

Shares of NYSE J opened at $137.76 on Friday. The stock has a market cap of $16.18 billion, a P/E ratio of 37.74, a PEG ratio of 1.44 and a beta of 0.80. The business’s fifty day simple moving average is $137.64 and its 200-day simple moving average is $144.65. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $168.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 20th. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is currently 35.07%.

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.