Louisbourg Investments Inc. Decreases Holdings in Jacobs Solutions Inc. $J

Louisbourg Investments Inc. trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 11.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 41,937 shares of the company’s stock after selling 5,675 shares during the quarter. Louisbourg Investments Inc.’s holdings in Jacobs Solutions were worth $5,338,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions in the third quarter worth $27,000. Princeton Global Asset Management LLC bought a new position in shares of Jacobs Solutions during the fourth quarter valued at about $30,000. Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions during the fourth quarter valued at about $31,000. Wealth Watch Advisors INC purchased a new position in shares of Jacobs Solutions in the third quarter worth about $33,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of several analyst reports. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup lifted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on 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. Finally, KeyCorp cut their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $153.40.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director directly owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This represents a 2.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 4,257 shares of company stock worth $477,651. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $125.79 on Friday. The stock has a market cap of $14.85 billion, a P/E ratio of 39.06, a P/E/G ratio of 1.22 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s fifty day moving average is $121.65 and its 200 day moving average is $130.14. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $2.33 billion during 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 business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s payout ratio is currently 44.72%.

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.