Barclays PLC Sells 97,254 Shares of Jacobs Solutions Inc. $J

Barclays PLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,792 shares of the company’s stock after selling 97,254 shares during the quarter. Barclays PLC owned about 0.20% of Jacobs Solutions worth $36,685,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in J. Primecap Management Co. CA increased its position in Jacobs Solutions by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock valued at $624,365,000 after purchasing an additional 96,387 shares during the period. Ninety One UK Ltd lifted its position in shares of Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares during the period. Invesco Ltd. boosted its stake in shares of Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after purchasing an additional 460,283 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Jacobs Solutions by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock valued at $381,687,000 after purchasing an additional 44,070 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of 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 buying an additional 268,504 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President Shannon Miller sold 1,440 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $134.13, for a total value of $193,147.20. Following the sale, the president directly owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Jacobs Solutions in a research note on Monday, November 24th. They issued a “buy” rating and a $158.00 price target for the company. Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Royal Bank Of Canada decreased their target price on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.60.

Jacobs Solutions Trading Down 2.1%

NYSE:J opened at $131.84 on Wednesday. The firm has a market capitalization of $15.48 billion, a P/E ratio of 36.12, a PEG ratio of 1.39 and a beta of 0.78. 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 Inc. has a one year low of $106.23 and a one year high of $168.44. The company’s 50-day simple moving average is $137.96 and its 200 day simple moving average is $143.60.

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

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 39.45%.

Jacobs Solutions Company 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.