OP Asset Management Ltd Takes Position in Jacobs Solutions Inc. $J

OP Asset Management Ltd acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 1st quarter, Holdings Channel reports. The fund acquired 12,301 shares of the company’s stock, valued at approximately $1,566,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Jacobs Solutions by 3.4% in the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares in the last quarter. Morgan Stanley increased its holdings in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after buying an additional 552,277 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the last quarter. Ninety One UK Ltd raised its position 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 valued at $418,085,000 after buying an additional 86,677 shares in the last quarter. Finally, Boston Partners raised its position 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 valued at $456,746,000 after buying an additional 108,134 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $125.79 on Monday. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69. The company has a fifty day moving average of $121.65 and a 200-day moving average of $130.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

Insider Activity

In related news, Director Manuel J. Fernandez bought 403 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $121.93 per share, with a total value of $49,137.79. Following the purchase, the director owned 12,251 shares in the company, valued at approximately $1,493,764.43. The trade was a 3.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert V. Pragada bought 3,601 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $111.09 per share, with a total value of $400,035.09. Following the purchase, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Citigroup raised their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Robert W. Baird dropped their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. KeyCorp reduced their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.40.

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.