M&T Bank Corp Acquires 242,249 Shares of Jacobs Solutions Inc. $J

M&T Bank Corp lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3,735.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 248,735 shares of the company’s stock after purchasing an additional 242,249 shares during the quarter. M&T Bank Corp’s holdings in Jacobs Solutions were worth $35,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ninety One UK Ltd boosted its stake 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 worth $418,085,000 after acquiring an additional 86,677 shares during the period. Boston Partners boosted its stake 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 worth $456,746,000 after acquiring an additional 108,134 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Jacobs Solutions by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after acquiring an additional 44,070 shares during the period. Bank of America Corp DE boosted its stake in shares of Jacobs Solutions by 9.4% during the 3rd quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock worth $310,330,000 after acquiring an additional 178,753 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Jacobs Solutions by 15.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock worth $230,406,000 after acquiring an additional 210,474 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of several research analyst reports. Wall Street Zen downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Robert W. Baird reduced their target price 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. Wells Fargo & Company lifted their target price on Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.60.

Jacobs Solutions Stock Performance

J opened at $127.36 on Thursday. The business has a fifty day simple moving average of $131.06 and a 200 day simple moving average of $139.37. The company has a market capitalization of $14.96 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 1.34 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $117.36 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts expect that Jacobs Solutions Inc. will post 7.13 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 20th were paid a $0.36 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 39.45%.

Insider Transactions at Jacobs Solutions

In related news, President Shannon Miller sold 1,440 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares in the company, valued at $3,399,390.72. The trade was a 5.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

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.