Caldwell Trust Co Sells 6,426 Shares of Jacobs Solutions Inc. $J

Caldwell Trust Co lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 51.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,018 shares of the company’s stock after selling 6,426 shares during the quarter. Caldwell Trust Co’s holdings in Jacobs Solutions were worth $766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after buying an additional 3,226 shares in the last quarter. Woodline Partners LP lifted its stake in Jacobs Solutions by 38.7% in the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock valued at $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $321,000. Baird Financial Group Inc. boosted its position in Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after buying an additional 248 shares in the last quarter. Finally, AXA S.A. grew its stake in shares of Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after buying an additional 2,556 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on J. KeyCorp lowered their price target 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. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Robert W. Baird dropped their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Citigroup lifted their price target 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 investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $153.40.

Jacobs Solutions Price Performance

J stock opened at $125.79 on Monday. The company has a market capitalization of $14.85 billion, a P/E ratio of 39.06, a PEG ratio of 1.22 and a beta of 0.69. The company has a fifty day moving average price of $121.65 and a 200-day moving average price of $130.07. 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 Inc. has a 52-week low of $105.68 and a 52-week high of $168.44.

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. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. Jacobs Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Insider Transactions at Jacobs Solutions

In related news, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Manuel J. Fernandez purchased 253 shares of the firm’s stock in a transaction dated 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 purchase, the director 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. Insiders acquired a total of 4,257 shares of company stock worth $477,651 in the last quarter. Corporate 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.