Allstate Corp Takes Position in Jacobs Solutions Inc. $J

Allstate Corp purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,417 shares of the company’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of J. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after buying an additional 95 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Jacobs Solutions by 65.4% during the third quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock worth $33,000 after buying an additional 87 shares during the last quarter. Godsey & Gibb Inc. increased its position in Jacobs Solutions by 121.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock valued at $33,000 after acquiring an additional 121 shares during the period. First Horizon Corp acquired a new position in Jacobs Solutions in the 3rd quarter valued at about $34,000. Finally, Mather Group LLC. purchased a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $46,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $140.00 on Friday. The firm has a market capitalization of $16.53 billion, a P/E ratio of 57.85, a PEG ratio of 1.51 and a beta of 0.81. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The company’s fifty day moving average is $137.33 and its two-hundred day moving average is $144.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30.

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, beating analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $1.37 EPS. The business’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. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 52.89%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. The Goldman Sachs Group began coverage on Jacobs Solutions in a research note on Monday, November 24th. They set a “buy” rating and a $158.00 price target for the company. Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Truist Financial dropped their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $155.90.

Insider Activity

In other news, Director Peter J. Robertson purchased 1,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $134.76 per share, with a total value of $134,760.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $134,760. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Manuel J. Fernandez purchased 763 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the acquisition, the director owned 10,380 shares in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 2,513 shares of company stock worth $335,878. Company insiders own 0.48% of the company’s stock.

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.