Cookson Peirce & Co. Inc. Makes New $1.15 Million Investment in Jacobs Solutions Inc. $J

Cookson Peirce & Co. Inc. bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,695 shares of the company’s stock, valued at approximately $1,153,000.

A number of other large investors have also added to or reduced their stakes in J. Forum Financial Management LP increased its position in shares of Jacobs Solutions by 2.0% during the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock worth $477,000 after purchasing an additional 63 shares in the last quarter. Harfst & Associates Inc. increased its position in Jacobs Solutions by 0.5% during the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock valued at $1,891,000 after buying an additional 64 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Jacobs Solutions by 3.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after buying an additional 66 shares during the last quarter. Blue Trust Inc. raised its stake in Jacobs Solutions by 11.2% in the third quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after buying an additional 70 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Jacobs Solutions by 1.6% in the second quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock worth $584,000 after acquiring an additional 71 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on J shares. Barclays increased their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company upped their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Robert W. Baird cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Truist Financial lowered their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Finally, Royal Bank Of Canada cut their target price on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.60.

Insider Activity at Jacobs Solutions

In other news, Director Manuel J. Fernandez acquired 763 shares of the company’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 purchase, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Venkatesh Nathamuni bought 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, with a total value of $101,332.50. Following the completion of the purchase, the chief financial officer owned 20,785 shares in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 2,513 shares of company stock worth $335,878. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Up 0.9%

NYSE:J opened at $132.65 on Friday. The firm has a market capitalization of $15.58 billion, a P/E ratio of 36.34, a PEG ratio of 1.36 and a beta of 0.80. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The company’s fifty day moving average price is $137.58 and its 200-day moving average price is $144.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.1%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 20th. Jacobs Solutions’s dividend payout ratio is 35.07%.

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.