OMERS ADMINISTRATION Corp Invests $828,000 in Jacobs Solutions Inc. $J

OMERS ADMINISTRATION Corp acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, Holdings Channel reports. The firm acquired 6,571 shares of the company’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vident Advisory LLC boosted its position in Jacobs Solutions by 0.8% during the second quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after purchasing an additional 75 shares in the last quarter. Gratus Wealth Advisors LLC increased its position in shares of Jacobs Solutions by 1.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after buying an additional 81 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Jacobs Solutions by 0.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock valued at $1,585,000 after buying an additional 81 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Jacobs Solutions by 10.4% during the 3rd quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after buying an additional 86 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of Jacobs Solutions by 2.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after buying an additional 93 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

NYSE:J opened at $150.41 on Friday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The company’s 50-day moving average is $135.41 and its two-hundred day moving average is $130.11. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The company’s revenue 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 expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

J has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. UBS Group upped their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 10th. Citigroup increased their price target 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. Truist Financial dropped their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada upped their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.70.

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.