Robert Pragada Buys 3,601 Shares of Jacobs Solutions (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) CEO Robert Pragada bought 3,601 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $112.80 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a market capitalization of $13.32 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The stock’s 50-day simple moving average is $125.77 and its 200-day simple moving average is $134.81.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

Hedge Funds Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of J. Envestnet Asset Management Inc. raised its holdings in shares of Jacobs Solutions by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after acquiring an additional 7,072 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Jacobs Solutions by 34.2% in the third quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after acquiring an additional 35,380 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new position in shares of Jacobs Solutions in the fourth quarter worth $2,161,000. Professional Advisory Services Inc. acquired a new position in shares of Jacobs Solutions in the third quarter worth $25,673,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Jacobs Solutions by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after acquiring an additional 73,567 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on J. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $169.00 target price on shares of Jacobs Solutions in a research note on Tuesday. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Jacobs Solutions Company 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.