Cetera Investment Advisers lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,248 shares of the company’s stock after selling 683 shares during the period. Cetera Investment Advisers’ holdings in Jacobs Solutions were worth $1,873,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Creative Planning boosted its position in shares of Jacobs Solutions by 3.6% during the 2nd quarter. Creative Planning now owns 35,555 shares of the company’s stock valued at $4,674,000 after acquiring an additional 1,244 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Jacobs Solutions by 5.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,469 shares of the company’s stock worth $3,874,000 after purchasing an additional 1,445 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Jacobs Solutions by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after purchasing an additional 268,504 shares in the last quarter. Investment Partners LTD. bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $226,000. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in shares of Jacobs Solutions by 1.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 18,281 shares of the company’s stock valued at $2,403,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.
Insider Transactions at Jacobs Solutions
In other news, Director Manuel J. Fernandez purchased 763 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $130.78 per share, with a total value of $99,785.14. Following the completion of the purchase, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. The trade was a 7.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Venkatesh Nathamuni purchased 750 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the acquisition, the chief financial officer owned 20,785 shares of the company’s stock, valued at $2,808,261.35. The trade was a 3.74% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,513 shares of company stock worth $335,878 over the last 90 days. 0.38% of the stock is owned by insiders.
Jacobs Solutions Trading Down 0.6%
Jacobs Solutions (NYSE:J – Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. Jacobs Solutions’s revenue was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.
Wall Street Analysts Forecast Growth
J has been the subject of several analyst reports. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays increased their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Wells Fargo & Company lowered their target price on shares of Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.90.
Check Out Our Latest Stock Report on J
Jacobs Solutions Company Profile
Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.
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