35,700 Shares in Jacobs Solutions Inc. $J Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,700 shares of the company’s stock, valued at approximately $4,498,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fulton Bank N.A. lifted its position in shares of Jacobs Solutions by 4.0% during the 2nd quarter. Fulton Bank N.A. now owns 8,745 shares of the company’s stock valued at $1,102,000 after buying an additional 334 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Jacobs Solutions by 47.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 4,424 shares of the company’s stock worth $557,000 after buying an additional 1,423 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in Jacobs Solutions by 11.9% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 5,370 shares of the company’s stock worth $677,000 after buying an additional 571 shares in the last quarter. Professional Advisory Services Inc. increased its stake in Jacobs Solutions by 13.4% in the 2nd quarter. Professional Advisory Services Inc. now owns 213,566 shares of the company’s stock worth $26,909,000 after buying an additional 25,179 shares in the last quarter. Finally, Palouse Capital Management Inc. raised its holdings in Jacobs Solutions by 53.5% during the second quarter. Palouse Capital Management Inc. now owns 27,424 shares of the company’s stock valued at $3,455,000 after acquiring an additional 9,558 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on J. Truist Financial dropped their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. KeyCorp decreased 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. Citigroup boosted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. UBS Group upped their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.70.

Insider Activity at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Up 0.5%

J stock opened at $144.67 on Friday. The firm has a fifty day moving average price of $130.97 and a 200 day moving average price of $129.56. 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 cap of $17.08 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Jacobs Solutions’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

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.