Korea Investment CORP Invests $3.35 Million in Jacobs Solutions Inc. $J

Korea Investment CORP purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 26,587 shares of the company’s stock, valued at approximately $3,350,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in J. Northwestern Mutual Wealth Management Co. raised its position in Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after purchasing an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new stake in shares of Jacobs Solutions during the fourth quarter worth about $2,161,000. Crossmark Global Holdings Inc. grew its holdings in shares of 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 purchasing an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $3,312,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Jacobs Solutions by 24.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after buying an additional 169,059 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $151.46 on Tuesday. The stock’s 50 day moving average is $133.73 and its 200 day moving average is $129.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $17.88 billion, a P/E ratio of 53.71, a P/E/G ratio of 1.45 and a beta of 0.68. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio is 51.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on J shares. Citigroup lifted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. KeyCorp dropped their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Truist Financial reduced their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Six equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $153.70.

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.