Y Intercept Hong Kong Ltd Buys Shares of 28,469 Jacobs Solutions Inc. $J

Y Intercept Hong Kong Ltd purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the first quarter, Holdings Channel reports. The fund purchased 28,469 shares of the company’s stock, valued at approximately $3,624,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $27,000. Princeton Global Asset Management LLC acquired a new stake in Jacobs Solutions in the 4th quarter valued at $30,000. Central Pacific Bank Trust Division acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth about $31,000. Wealth Watch Advisors INC bought a new position in shares of Jacobs Solutions in the third quarter valued at approximately $33,000. Finally, International Assets Investment Management LLC bought a new position in Jacobs Solutions during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on J. Citigroup upped their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. KeyCorp lowered their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial lowered their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.10.

Insider Activity at Jacobs Solutions

In related news, Director Manuel J. Fernandez bought 253 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director owned 12,504 shares in the company, valued at approximately $1,407,450.24. This represents a 2.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.

Jacobs Solutions Stock Up 1.0%

Jacobs Solutions stock traded up $1.28 during trading on Tuesday, reaching $130.26. The stock had a trading volume of 159,166 shares, compared to its average volume of 1,084,563. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a market cap of $15.38 billion, a PE ratio of 40.46, a P/E/G ratio of 1.24 and a beta of 0.69. The business has a 50 day moving average price of $121.44 and a 200 day moving average price of $129.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company’s quarterly revenue 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, analysts predict that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

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