Needham Investment Management LLC Has $7.68 Million Stake in Jacobs Solutions Inc. $J

Needham Investment Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 38.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,000 shares of the company’s stock after acquiring an additional 16,000 shares during the quarter. Needham Investment Management LLC’s holdings in Jacobs Solutions were worth $7,683,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after purchasing an additional 140,179 shares during the period. Kepler Cheuvreux Suisse SA bought a new stake in shares of Jacobs Solutions during the 4th quarter worth about $2,161,000. Citigroup Inc. grew its stake in Jacobs Solutions by 34.2% in the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after buying an additional 35,380 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after buying an additional 19,427 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Jacobs Solutions by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after acquiring an additional 73,567 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $124.32 on Tuesday. The company’s 50 day moving average price is $122.46 and its two-hundred day moving average price is $131.00. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The firm has a market cap of $14.68 billion, a PE ratio of 38.61, a PEG ratio of 1.23 and a beta of 0.69. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last released its quarterly 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 company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.2%. Jacobs Solutions’s payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

J has been the subject of several research reports. Citigroup raised their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their price target 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. Finally, KeyCorp decreased their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Insider Buying and Selling at Jacobs Solutions

In related news, CEO Robert V. Pragada bought 3,601 shares of Jacobs Solutions stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Manuel J. Fernandez purchased 253 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 4,257 shares of company stock worth $477,651. 0.48% of the stock is currently owned by insiders.

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.