Jacobs Solutions Inc. $J Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 57.5% during the 1st quarter, Holdings Channel reports. The firm owned 9,122 shares of the company’s stock after selling 12,349 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jacobs Solutions were worth $1,161,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Jacobs Solutions by 737.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after purchasing an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new position in shares of Jacobs Solutions in the 4th quarter worth about $2,161,000. Citigroup Inc. boosted its holdings in shares of 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 period. Crossmark Global Holdings Inc. raised its stake in Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after acquiring an additional 19,427 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after acquiring an additional 73,567 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 1.2%

Jacobs Solutions stock opened at $122.32 on Thursday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $14.44 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. The firm has a 50 day simple moving average of $121.70 and a 200-day simple moving average of $130.28.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were given a $0.36 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.2%. Jacobs Solutions’s payout ratio is 44.72%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada bought 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez acquired 403 shares of Jacobs Solutions stock in a transaction dated Friday, May 8th. The shares were bought at an average cost 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 approximately $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 4,257 shares of company stock worth $477,651 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Wells Fargo & Company reduced their target price on shares of 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. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions 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.