Jacobs Solutions Inc. $J Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in Jacobs Solutions Inc. (NYSE:J) by 7.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 752,570 shares of the company’s stock after selling 60,709 shares during the period. Royal Bank of Canada’s holdings in Jacobs Solutions were worth $95,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Jacobs Solutions during the third quarter worth $27,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $33,000. Princeton Global Asset Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $30,000. International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $38,000. Finally, Torren Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price target 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. Finally, Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Activity

In other news, CEO Robert V. Pragada purchased 3,601 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez purchased 403 shares of Jacobs Solutions stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the transaction, the director owned 12,251 shares in the company, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 4,257 shares of company stock worth $477,651 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Up 1.8%

NYSE J opened at $135.18 on Friday. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The business’s fifty day simple moving average is $126.06 and its 200-day simple moving average is $129.19. The firm has a market cap of $15.96 billion, a PE ratio of 41.98, a P/E/G ratio of 1.29 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share 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 firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company 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. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s payout ratio is presently 44.72%.

Jacobs Solutions 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.