Primecap Management Co. CA Purchases New Shares in Jacobs Solutions Inc. $J

Primecap Management Co. CA purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,565,799 shares of the company’s stock, valued at approximately $575,291,000. Primecap Management Co. CA owned 3.87% of Jacobs Solutions at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings 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 buying an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new position in Jacobs Solutions during the 4th quarter worth approximately $2,161,000. Crossmark Global Holdings Inc. grew its position in shares of Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after acquiring an additional 19,427 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $3,312,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after acquiring an additional 169,059 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on J shares. Wells Fargo & Company dropped their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, KeyCorp decreased their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Activity

In other 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 completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Down 0.6%

Shares of Jacobs Solutions stock opened at $150.76 on Wednesday. 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 business’s 50 day simple moving average is $134.24 and its 200-day simple moving average is $130.05. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 1.46 and a beta of 0.68. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’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. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

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.