Johnson Financial Group Inc. Grows Stake in Jacobs Solutions Inc. $J

Johnson Financial Group Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 287.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,964 shares of the company’s stock after buying an additional 4,425 shares during the quarter. Johnson Financial Group Inc.’s holdings in Jacobs Solutions were worth $759,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in J. WCM Investment Management LLC purchased a new stake in Jacobs Solutions in the first quarter worth $256,000. Greenwood Gearhart LLC increased its position in Jacobs Solutions by 6.1% during the 1st quarter. Greenwood Gearhart LLC now owns 80,587 shares of the company’s stock valued at $10,257,000 after purchasing an additional 4,664 shares during the period. KBC Group NV increased its position in Jacobs Solutions by 1.7% during the 1st quarter. KBC Group NV now owns 71,961 shares of the company’s stock valued at $9,159,000 after purchasing an additional 1,227 shares during the period. Swiss National Bank raised its holdings in Jacobs Solutions by 6.0% in the 1st quarter. Swiss National Bank now owns 346,500 shares of the company’s stock worth $44,103,000 after purchasing an additional 19,500 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in Jacobs Solutions by 160.6% in the 1st quarter. AIA Group Ltd now owns 19,117 shares of the company’s stock worth $2,433,000 after purchasing an additional 11,782 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Weiss Ratings lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Truist Financial dropped their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $153.10.

Jacobs Solutions Stock Performance

NYSE:J opened at $129.70 on Wednesday. The firm has a market capitalization of $15.32 billion, a PE ratio of 40.28, a P/E/G ratio of 1.25 and a beta of 0.69. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a 50-day simple moving average of $122.50 and a two-hundred day simple moving average of $129.27. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Analysts forecast that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

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.