Legal & General Group Plc Lowers Position in Jacobs Solutions Inc. $J

Legal & General Group Plc cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 749,103 shares of the company’s stock after selling 124,572 shares during the quarter. Legal & General Group Plc’s holdings in Jacobs Solutions were worth $99,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ninety One UK Ltd grew its holdings in shares of Jacobs Solutions by 2.8% during the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after purchasing an additional 86,677 shares during the period. Boston Partners grew its holdings in shares of Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after purchasing an additional 108,134 shares during the period. Bank of America Corp DE grew its holdings in shares of Jacobs Solutions by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock worth $310,330,000 after purchasing an additional 178,753 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Jacobs Solutions by 15.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock worth $230,406,000 after purchasing an additional 210,474 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Jacobs Solutions by 68.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after purchasing an additional 525,291 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J opened at $118.91 on Friday. The stock’s 50-day moving average price is $123.61 and its 200 day moving average price is $132.86. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 1.12 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Jacobs Solutions’s revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 22nd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Analyst Ratings Changes

A number of research firms have recently weighed in on J. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company lowered their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. KeyCorp decreased their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird decreased their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Manuel J. Fernandez purchased 253 shares of Jacobs Solutions stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Shannon Miller sold 1,440 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares in the company, valued at $3,399,390.72. This represents a 5.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased 4,257 shares of company stock valued at $477,651 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

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.