Primecap Management Co. CA Purchases Shares of 4,565,799 Jacobs Solutions Inc. $J

Primecap Management Co. CA purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 4,565,799 shares of the company’s stock, valued at approximately $575,291,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Empowered Funds LLC grew its holdings in Jacobs Solutions by 92.3% in the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after buying an additional 3,226 shares in the last quarter. Woodline Partners LP raised its stake in Jacobs Solutions by 38.7% during the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock valued at $1,252,000 after acquiring an additional 2,891 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Jacobs Solutions during the 2nd quarter valued at $321,000. Baird Financial Group Inc. boosted its position in Jacobs Solutions by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after acquiring an additional 248 shares during the period. Finally, AXA S.A. boosted its position in Jacobs Solutions by 14.9% during the 2nd quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after acquiring an additional 2,556 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial lowered their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Citigroup increased their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. UBS Group raised their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $150.76 on Wednesday. The stock has a fifty day moving average price of $134.24 and a two-hundred day moving average price of $130.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $17.80 billion, a P/E ratio of 53.46, a PEG ratio of 1.46 and a beta of 0.68. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s payout ratio is presently 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

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.