Vanguard Group Inc. Sells 94,203 Shares of Jacobs Solutions Inc. $J

Vanguard Group Inc. trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,704,191 shares of the company’s stock after selling 94,203 shares during the period. Vanguard Group Inc. owned approximately 11.46% of Jacobs Solutions worth $2,053,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP boosted its position in Jacobs Solutions by 2.0% during the 3rd quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock worth $477,000 after acquiring an additional 63 shares during the last quarter. Harfst & Associates Inc. increased its stake in Jacobs Solutions by 0.5% in the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock valued at $1,891,000 after buying an additional 64 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Jacobs Solutions by 3.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after buying an additional 66 shares during the last quarter. Blue Trust Inc. lifted its position in Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock worth $104,000 after buying an additional 70 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock worth $584,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity

In other news, CFO Venkatesh Nathamuni acquired 750 shares of the stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the transaction, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. This represents a 3.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter J. Robertson purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $134,760. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 2,513 shares of company stock valued at $335,878. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup lowered their target price on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Wall Street Zen downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Truist Financial cut their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a report on Friday, November 21st. Finally, Robert W. Baird downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Six investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.

Jacobs Solutions Stock Down 1.6%

J opened at $139.23 on Friday. The stock’s fifty day simple moving average is $137.60 and its 200 day simple moving average is $144.66. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The stock has a market cap of $16.35 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.72.

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

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.36 per share. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio is presently 35.07%.

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.