TD Asset Management Inc Grows Stake in Jacobs Solutions Inc. $J

TD Asset Management Inc increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,133 shares of the company’s stock after purchasing an additional 8,702 shares during the quarter. TD Asset Management Inc’s holdings in Jacobs Solutions were worth $9,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Jacobs Solutions during the third quarter worth about $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions during the third quarter worth about $33,000. Princeton Global Asset Management LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at approximately $30,000. Central Pacific Bank Trust Division purchased a new position in Jacobs Solutions during the 4th quarter valued at approximately $31,000. Finally, International Assets Investment Management LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez bought 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Robert W. Baird cut their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. KeyCorp cut their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions Price Performance

Shares of J stock opened at $125.57 on Wednesday. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $14.83 billion, a P/E ratio of 39.00, a P/E/G ratio of 1.16 and a beta of 0.69. The stock has a 50 day moving average price of $122.63 and a 200 day moving average price of $131.17.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.Jacobs Solutions’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Jacobs Solutions’s payout ratio is 44.72%.

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.