Man Group plc Takes Position in Jacobs Solutions Inc. $J

Man Group plc bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, HoldingsChannel reports. The fund bought 77,090 shares of the company’s stock, valued at approximately $9,713,000.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions in the 3rd quarter valued at $27,000. Wealth Watch Advisors INC acquired a new stake in Jacobs Solutions during the 3rd quarter worth $33,000. Keating Financial Advisory Services Inc. purchased a new position in Jacobs Solutions during the 2nd quarter worth $30,000. International Assets Investment Management LLC purchased a new position in Jacobs Solutions during the 4th quarter worth $38,000. Finally, Compass Financial Management LLC acquired a new position in Jacobs Solutions in the second quarter valued at $43,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J opened at $152.17 on Friday. 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 stock has a market capitalization of $17.97 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.45 and a beta of 0.68. The company’s fifty day moving average is $136.03 and its two-hundred day moving average is $130.27. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping 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 company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. Jacobs Solutions’s quarterly 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. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 51.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on J shares. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. 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. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Citigroup upped their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $153.70.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred 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 sale, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by 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.