Goldman Sachs Group Inc. Buys 169,059 Shares of Jacobs Solutions Inc. $J

Goldman Sachs Group Inc. increased its stake in Jacobs Solutions Inc. (NYSE:J) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,803 shares of the company’s stock after purchasing an additional 169,059 shares during the period. Goldman Sachs Group Inc.’s holdings in Jacobs Solutions were worth $112,962,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vident Advisory LLC increased its position in shares of Jacobs Solutions by 0.8% in the second quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after purchasing an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC increased its position in shares of Jacobs Solutions by 1.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock worth $820,000 after purchasing an additional 81 shares during the last quarter. Compound Planning Inc. increased its position in shares of Jacobs Solutions by 3.8% in the third quarter. Compound Planning Inc. now owns 2,250 shares of the company’s stock worth $337,000 after purchasing an additional 83 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after purchasing an additional 86 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after purchasing an additional 93 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on J shares. Royal Bank Of Canada restated an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company decreased their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Citigroup upped their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Insider Activity at Jacobs Solutions

In other 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 completion of the purchase, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez bought 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased 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 $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by insiders.

Jacobs Solutions Stock Down 1.9%

Shares of J opened at $120.22 on Tuesday. The firm has a market cap of $14.20 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.19 and a beta of 0.69. The stock has a 50 day simple moving average of $122.64 and a two-hundred day simple moving average of $131.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44.

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. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.Jacobs Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio is currently 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.