Equitable Holdings Inc. Invests $510,000 in Jacobs Solutions Inc. $J

Equitable Holdings Inc. bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,051 shares of the company’s stock, valued at approximately $510,000.

A number of other large investors also recently made changes to their positions in J. BlackRock Inc. purchased a new position in Jacobs Solutions during the second quarter worth about $1,372,610,000. State Street Corp increased its stake in Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after buying an additional 243,345 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $575,291,000. 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, Geode Capital Management LLC boosted its stake in shares of Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of several recent analyst reports. Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wells Fargo & Company dropped their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. KeyCorp cut their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, UBS Group raised their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Activity at Jacobs Solutions

In other 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Up 0.1%

NYSE:J opened at $152.17 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $17.97 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The firm’s 50 day moving average is $136.03 and its 200 day moving average is $130.12. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business 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 business earned $1.62 earnings per share. Jacobs Solutions’s revenue for the quarter 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 expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

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.