Jacobs Solutions Inc. $J Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 24.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 290,401 shares of the company’s stock after acquiring an additional 57,693 shares during the period. Hsbc Holdings PLC’s holdings in Jacobs Solutions were worth $36,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Jacobs Solutions by 3.4% in the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after buying an additional 243,345 shares during the last quarter. Morgan Stanley grew its holdings in Jacobs Solutions by 19.5% during the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after acquiring an additional 552,277 shares during the period. Geode Capital Management LLC raised its position in Jacobs Solutions by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after acquiring an additional 28,076 shares in the last quarter. Ninety One UK Ltd raised its position in Jacobs Solutions by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after acquiring an additional 86,677 shares in the last quarter. Finally, Boston Partners raised its position in Jacobs Solutions by 3.7% during the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after acquiring an additional 108,134 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $129.56 on Tuesday. The firm has a market cap of $15.30 billion, a PE ratio of 40.24, a PEG ratio of 1.28 and a beta of 0.69. The firm has a fifty day moving average of $122.19 and a 200 day moving average of $129.29. 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 one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. 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 business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on J shares. Wells Fargo & Company lowered their price objective on 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a report on Tuesday, May 19th. Citigroup boosted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.10.

Insider Transactions at Jacobs Solutions

In other news, Director Manuel J. Fernandez bought 403 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the transaction, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. The trade was a 3.40% increase in their position. The acquisition was disclosed in a document filed 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 dated 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 transaction, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,257 shares of company stock worth $477,651 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

About Jacobs Solutions

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.