Cookson Peirce & Co. Inc. Takes $1.15 Million Position in Jacobs Solutions Inc. $J

Cookson Peirce & Co. Inc. purchased a new position in Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,695 shares of the company’s stock, valued at approximately $1,153,000.

A number of other hedge funds also recently bought and sold shares of the business. Primecap Management Co. CA increased its position in shares of Jacobs Solutions by 2.1% in the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock valued at $624,365,000 after buying an additional 96,387 shares in the last quarter. Ninety One UK Ltd grew its stake in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after acquiring an additional 520,417 shares during the period. Invesco Ltd. grew its stake in Jacobs Solutions by 21.4% in the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after acquiring an additional 460,283 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Jacobs Solutions by 1.8% in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Jacobs Solutions by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after purchasing an additional 268,504 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Barclays lifted their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Truist Financial cut their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. The Goldman Sachs Group started coverage on Jacobs Solutions in a research report on Monday, November 24th. They issued a “buy” rating and a $158.00 target price on the stock. Finally, Bank of America dropped their price target on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.60.

Jacobs Solutions Trading Up 0.9%

J opened at $132.65 on Friday. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.36 and a beta of 0.80. The company’s 50 day simple moving average is $137.58 and its two-hundred day simple moving average is $144.77. Jacobs Solutions Inc. has a 1-year low of $106.23 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 posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business earned $1.33 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a $0.36 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 35.07%.

Insider Transactions at Jacobs Solutions

In related news, Director Peter J. Robertson purchased 1,000 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $134,760. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez acquired 763 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, with a total value of $99,785.14. Following the acquisition, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 2,513 shares of company stock worth $335,878 in the last quarter. Company insiders own 0.48% of the company’s stock.

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.