Jacobs Solutions Inc. $J Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 576,896 shares of the company’s stock after buying an additional 36,654 shares during the period. Thrivent Financial for Lutherans’ holdings in Jacobs Solutions were worth $86,454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in shares of Jacobs Solutions by 828.5% during the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after purchasing an additional 1,184,068 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after buying an additional 525,291 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Jacobs Solutions by 20.4% during the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after buying an additional 520,417 shares during the period. Invesco Ltd. lifted its position in Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after acquiring an additional 460,283 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Jacobs Solutions by 350.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock worth $72,638,000 after acquiring an additional 429,880 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 763 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the purchase, the director directly owned 10,380 shares in the company, valued at $1,357,496.40. The trade was a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Venkatesh Nathamuni bought 750 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was bought at an average price of $135.11 per share, with a total value of $101,332.50. Following the completion of the purchase, the chief financial officer owned 20,785 shares of the company’s stock, valued at $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 2,513 shares of company stock valued at $335,878. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Citigroup decreased their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, November 21st. KeyCorp raised their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Truist Financial dropped their price target on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Finally, Robert W. Baird cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Hold” and a consensus price target of $156.60.

Jacobs Solutions Stock Down 0.6%

Shares of NYSE:J opened at $135.46 on Monday. The firm has a market cap of $16.00 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.80. The company has a fifty day simple moving average of $136.53 and a 200 day simple moving average of $144.79. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $168.44.

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

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, February 20th. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s payout ratio is currently 52.89%.

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.