6,713 Shares in Jacobs Solutions Inc. $J Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, HoldingsChannel reports. The fund bought 6,713 shares of the company’s stock, valued at approximately $889,000.

Other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions in the third quarter valued at $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions in the 3rd quarter worth about $33,000. Princeton Global Asset Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $30,000. Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $31,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $38,000. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert V. Pragada acquired 3,601 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 4,257 shares of company stock valued at $477,651. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on J. Citigroup upped their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp lowered their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.40.

Jacobs Solutions Stock Performance

J stock opened at $121.95 on Thursday. The stock’s fifty day moving average price is $122.58 and its 200-day moving average price is $131.12. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $14.40 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Jacobs Solutions’s payout ratio is presently 44.72%.

Jacobs Solutions Company 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.