Jacobs Solutions Inc. $J Shares Sold by Eastern Bank

Eastern Bank trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 74.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,392 shares of the company’s stock after selling 73,050 shares during the quarter. Eastern Bank’s holdings in Jacobs Solutions were worth $3,805,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in Jacobs Solutions by 828.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after purchasing an additional 1,184,068 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after buying an additional 525,291 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after buying an additional 520,417 shares during the last quarter. Invesco Ltd. raised its holdings in Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after acquiring an additional 460,283 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Jacobs Solutions by 350.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock valued at $72,638,000 after acquiring an additional 429,880 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 763 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the transaction, the director owned 10,380 shares in the company, valued at approximately $1,357,496.40. This represents a 7.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Venkatesh Nathamuni purchased 750 shares of Jacobs Solutions stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $135.11 per share, with a total value of $101,332.50. Following the transaction, the chief financial officer directly owned 20,785 shares in the company, valued at $2,808,261.35. This trade represents a 3.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 2,513 shares of company stock valued at $335,878 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on J. Wells Fargo & Company dropped their target price on shares of Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. Bank of America lowered their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Truist Financial reduced their target price on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Citigroup lowered their price target on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. 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, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.90.

Jacobs Solutions Stock Down 0.0%

NYSE:J opened at $139.49 on Wednesday. The firm has a market capitalization of $16.47 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.81. The stock has a 50 day moving average of $139.42 and a 200-day moving average of $144.41. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were given a $0.32 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 52.89%.

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.