Jacobs Solutions Inc. $J is L1 Capital International Pty Ltd’s 10th Largest Position

L1 Capital International Pty Ltd boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 363.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 723,533 shares of the company’s stock after buying an additional 567,478 shares during the quarter. Jacobs Solutions comprises 5.0% of L1 Capital International Pty Ltd’s holdings, making the stock its 10th largest holding. L1 Capital International Pty Ltd’s holdings in Jacobs Solutions were worth $95,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Jacobs Solutions by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares during the period. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after buying an additional 86,677 shares during the period. Boston Partners lifted its holdings in shares of Jacobs Solutions by 3.7% during the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after purchasing an additional 108,134 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Jacobs Solutions by 9.4% during the third quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock valued at $310,330,000 after purchasing an additional 178,753 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Jacobs Solutions by 15.9% during the third quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock valued at $230,406,000 after purchasing an additional 210,474 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.6%

NYSE:J opened at $127.10 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market cap of $15.01 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. The company has a 50 day simple moving average of $122.54 and a two-hundred day simple moving average of $131.08.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s 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. Research analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s payout ratio is 44.72%.

Insider Buying and Selling

In related news, CEO Robert V. Pragada bought 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez bought 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, with a total value of $28,477.68. Following the transaction, the director owned 12,504 shares in the company, valued at $1,407,450.24. This trade represents a 2.07% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. KeyCorp lowered their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Robert W. Baird lowered their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

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.