OMERS ADMINISTRATION Corp Invests $828,000 in Jacobs Solutions Inc. $J

OMERS ADMINISTRATION Corp bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,571 shares of the company’s stock, valued at approximately $828,000.

A number of other hedge funds have also recently added to or reduced their stakes in J. Northwestern Mutual Wealth Management Co. grew its position in Jacobs Solutions by 737.4% during the 4th 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 acquired a new position in Jacobs Solutions in the fourth quarter valued at $2,161,000. Crossmark Global Holdings Inc. raised its holdings in shares of Jacobs Solutions by 360.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after buying an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $3,312,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Jacobs Solutions by 24.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after buying an additional 169,059 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J opened at $150.41 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average is $135.41 and its two-hundred day moving average is $130.11. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The firm has a market capitalization of $17.76 billion, a PE ratio of 53.34, a P/E/G ratio of 1.46 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $1.62 EPS. The company’s quarterly revenue 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. Research analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s 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 sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company decreased their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. UBS Group boosted their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 10th. KeyCorp cut their price target 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, Citigroup increased their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.