Pictet Asset Management Holding SA Acquires 58,846 Shares of Jacobs Solutions Inc. $J

Pictet Asset Management Holding SA increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 46.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,563 shares of the company’s stock after buying an additional 58,846 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Jacobs Solutions were worth $23,618,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions during the third quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at $33,000. Princeton Global Asset Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $30,000. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $31,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth $38,000. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez acquired 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the transaction, the director 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 disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 4,257 shares of company stock worth $477,651 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on J shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $169.00 target price on shares of Jacobs Solutions in a report on Tuesday, May 19th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Robert W. Baird decreased their price objective 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. Wells Fargo & Company lowered their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions Price Performance

NYSE:J opened at $124.83 on Thursday. 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 company has a market capitalization of $14.74 billion, a P/E ratio of 38.77, a P/E/G ratio of 1.22 and a beta of 0.69. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The business’s 50-day moving average is $121.47 and its 200 day moving average is $129.83.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

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.