Jacobs Solutions Inc. $J Holdings Lowered by North Growth Management Ltd.

North Growth Management Ltd. decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 7.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after selling 7,000 shares during the quarter. Jacobs Solutions accounts for about 2.2% of North Growth Management Ltd.’s investment portfolio, making the stock its 15th largest holding. North Growth Management Ltd. owned 0.07% of Jacobs Solutions worth $12,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the period. Mather Group LLC. purchased a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $46,000. Costello Asset Management INC purchased a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $43,000. CYBER HORNET ETFs LLC acquired a new position in Jacobs Solutions in the 2nd quarter worth approximately $44,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Jacobs Solutions during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 2.2%

Shares of NYSE J opened at $135.35 on Friday. The business has a 50 day simple moving average of $142.02 and a 200 day simple moving average of $143.80. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 55.93, a PEG ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $3.14 billion. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio is presently 52.89%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Bank of America dropped their target price on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Royal Bank Of Canada decreased their price target on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, Truist Financial lowered their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $155.90.

Insider Buying and Selling at Jacobs Solutions

In related news, CFO Venkatesh Nathamuni acquired 750 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $135.11 per share, with a total value of $101,332.50. Following the purchase, the chief financial officer owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. The trade was a 3.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter J. Robertson bought 1,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $134.76 per share, with a total value of $134,760.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $134,760. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,513 shares of company stock worth $335,878 over the last three months. 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.