Jacobs Solutions Inc. $J Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 780.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 45,476 shares of the company’s stock after purchasing an additional 40,309 shares during the period. Fifth Third Bancorp’s holdings in Jacobs Solutions were worth $5,788,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC purchased a new position in Jacobs Solutions in the 3rd quarter valued at approximately $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $31,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $38,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $132.19 on Friday. The stock’s 50-day simple moving average is $121.68 and its 200-day simple moving average is $129.34. 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 firm has a market capitalization of $15.61 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44.

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

Jacobs Solutions Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Robert V. Pragada purchased 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, with a total value of $400,035.09. Following the completion of the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez acquired 403 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was bought at an average price of $121.93 per share, with a total value of $49,137.79. Following the purchase, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. This represents a 3.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,257 shares of company stock worth $477,651 over the last ninety days. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird reduced their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp decreased their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $153.10.

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.