Palouse Capital Management Inc. Grows Stock Holdings in Jacobs Solutions Inc. $J

Palouse Capital Management Inc. grew its position in Jacobs Solutions Inc. (NYSE:J) by 53.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 27,424 shares of the company’s stock after acquiring an additional 9,558 shares during the period. Jacobs Solutions makes up 2.2% of Palouse Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Palouse Capital Management Inc.’s holdings in Jacobs Solutions were worth $3,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of J. State Street Corp lifted its stake in Jacobs Solutions by 3.4% during the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after acquiring an additional 243,345 shares in the last quarter. Morgan Stanley grew its position in 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 acquiring an additional 552,277 shares in the last quarter. Geode Capital Management LLC grew its position in Jacobs Solutions by 0.9% in the 4th 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 increased its stake 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 worth $418,085,000 after purchasing an additional 86,677 shares during the period. Finally, Boston Partners increased its stake in Jacobs Solutions by 3.7% during the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after purchasing an additional 108,134 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. The trade was a 1.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Manuel J. Fernandez acquired 253 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the transaction, the director owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. The SEC filing for this purchase provides additional information. 0.48% of the stock is owned by insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $144.03 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.43. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.68. The stock’s 50-day moving average is $128.15 and its two-hundred day moving average is $129.19. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $1.62 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts forecast that Jacobs Solutions Inc. will post 7.24 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s payout ratio is currently 51.06%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Citigroup lifted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. KeyCorp reduced their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company decreased their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $152.22.

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.