SFE Investment Counsel Purchases 12,444 Shares of Jacobs Solutions Inc. $J

SFE Investment Counsel increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 22.5% in the 1st quarter, HoldingsChannel reports. The firm owned 67,647 shares of the company’s stock after acquiring an additional 12,444 shares during the period. Jacobs Solutions makes up approximately 1.4% of SFE Investment Counsel’s holdings, making the stock its 21st largest holding. SFE Investment Counsel’s holdings in Jacobs Solutions were worth $8,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after buying an additional 1,184,068 shares during the period. Focus Partners Wealth raised its position in Jacobs Solutions by 246.3% in the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock valued at $177,324,000 after buying an additional 952,151 shares during the last quarter. L1 Capital International Pty Ltd lifted its position in shares of Jacobs Solutions by 363.6% during the fourth quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock valued at $95,839,000 after purchasing an additional 567,478 shares in the last quarter. Morgan Stanley lifted its position in shares of Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after buying an additional 552,277 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after acquiring an additional 525,291 shares during the period. 85.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Jacobs Solutions news, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $121.93 per share, with a total value of $49,137.79. Following the completion of the purchase, the director owned 12,251 shares in the company, valued at $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Trading Down 0.1%

Shares of J stock traded down $0.07 during trading hours on Friday, reaching $125.77. The company’s stock had a trading volume of 1,226,672 shares, compared to its average volume of 1,185,263. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $14.85 billion, a P/E ratio of 39.06, a P/E/G ratio of 1.22 and a beta of 0.69. The firm’s fifty day simple moving average is $121.62 and its 200 day simple moving average is $129.56. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

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 the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on J shares. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citigroup upped their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird dropped their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Truist Financial reduced their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.10.

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.