Eastern Bank Sells 6,355 Shares of Jacobs Solutions Inc. $J

Eastern Bank reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,037 shares of the company’s stock after selling 6,355 shares during the quarter. Eastern Bank’s holdings in Jacobs Solutions were worth $2,522,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in J. Measured Wealth Private Client Group LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the period. Geneos Wealth Management Inc. boosted its position in Jacobs Solutions by 65.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $33,000. Finally, Godsey & Gibb Inc. grew its holdings in shares of Jacobs Solutions by 121.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after acquiring an additional 121 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

J has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Finally, Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Six investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.60.

Insider Buying and Selling at Jacobs Solutions

In other news, President Shannon Miller sold 1,440 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the sale, the president directly owned 25,344 shares in the company, valued at approximately $3,399,390.72. This represents a 5.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Down 2.8%

Shares of J opened at $125.86 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The business’s 50 day simple moving average is $135.68 and its 200-day simple moving average is $142.09.

Jacobs Solutions (NYSE:J) last posted 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $1.33 earnings per share. Jacobs Solutions’s revenue for the quarter was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 20th were issued a $0.36 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s payout ratio is presently 39.45%.

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.