251,377 Shares in Jacobs Solutions Inc. $J Bought by Tredje AP fonden

Tredje AP fonden purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 251,377 shares of the company’s stock, valued at approximately $37,671,000.

Other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA grew its holdings in shares of Jacobs Solutions by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after acquiring an additional 96,387 shares during the period. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 20.4% during the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Invesco Ltd. grew its stake in Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after purchasing an additional 460,283 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Jacobs Solutions by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after purchasing an additional 44,070 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock worth $256,966,000 after purchasing an additional 268,504 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on J shares. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. The Goldman Sachs Group assumed coverage on shares of Jacobs Solutions in a report on Monday, November 24th. They set a “buy” rating and a $158.00 target price for the company. Citigroup cut their price target on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Truist Financial reduced their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Finally, Robert W. Baird downgraded Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.60.

Jacobs Solutions Price Performance

NYSE J opened at $137.76 on Friday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The business’s fifty day moving average price is $137.64 and its 200-day moving average price is $144.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 1.44 and a beta of 0.80.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.Jacobs Solutions’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio is currently 35.07%.

Insider Activity

In related news, Director Manuel J. Fernandez purchased 763 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the purchase, the director directly owned 10,380 shares in the company, valued at $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Venkatesh Nathamuni acquired 750 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $135.11 per share, with a total value of $101,332.50. Following the acquisition, the chief financial officer directly owned 20,785 shares in the company, valued at approximately $2,808,261.35. The trade was a 3.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,513 shares of company stock worth $335,878 over the last quarter. Insiders own 0.48% of the company’s stock.

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.