IFM Investors Pty Ltd Purchases 8,782 Shares of Jacobs Solutions Inc. $J

IFM Investors Pty Ltd lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 32.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,468 shares of the company’s stock after buying an additional 8,782 shares during the period. IFM Investors Pty Ltd’s holdings in Jacobs Solutions were worth $4,514,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions in the third quarter worth approximately $27,000. Princeton Global Asset Management LLC purchased a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $30,000. Central Pacific Bank Trust Division purchased a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $31,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $38,000. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on J. KeyCorp reduced their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial cut their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Citigroup raised 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. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $153.10.

Jacobs Solutions Stock Performance

Shares of J stock opened at $127.80 on Friday. The company has a market capitalization of $15.09 billion, a P/E ratio of 39.69, a PEG ratio of 1.24 and a beta of 0.69. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day moving average price of $121.44 and a two-hundred day moving average price of $129.76.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) 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 last year, the business earned $1.43 earnings per share. The business’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. Analysts expect that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Insiders Place Their Bets

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

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.