Canal Insurance CO Buys Shares of 10,000 Jacobs Solutions Inc. $J

Canal Insurance CO bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $1,273,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after acquiring an additional 1,184,068 shares during the last quarter. Focus Partners Wealth lifted its stake in Jacobs Solutions by 246.3% during the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after purchasing an additional 952,151 shares during the last quarter. L1 Capital International Pty Ltd boosted its holdings in shares of Jacobs Solutions by 363.6% in the 4th quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock valued at $95,839,000 after purchasing an additional 567,478 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after purchasing an additional 552,277 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Jacobs Solutions by 68.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after purchasing an additional 525,291 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J opened at $126.61 on Tuesday. The firm’s fifty day moving average price is $121.56 and its two-hundred day moving average price is $129.46. The stock has a market cap of $14.95 billion, a PE ratio of 39.32, a PEG ratio of 1.22 and a beta of 0.69. 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 fifty-two week low of $105.68 and a fifty-two week high of $168.44.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were issued 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 was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Insider Activity

In other news, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Manuel J. Fernandez purchased 403 shares of Jacobs Solutions stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the acquisition, the director owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. The trade was a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,257 shares of company stock valued at $477,651 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Robert W. Baird decreased their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. 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 research note on Thursday, May 7th. Finally, KeyCorp dropped 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. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.10.

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.