Princeton Global Asset Management LLC Boosts Stake in Jacobs Solutions Inc. $J

Princeton Global Asset Management LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2,030.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,901 shares of the company’s stock after buying an additional 4,671 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Jacobs Solutions were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of J. Northwestern Mutual Wealth Management Co. raised its stake in shares of Jacobs Solutions by 737.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after purchasing an additional 140,179 shares during the period. Kepler Cheuvreux Suisse SA bought a new stake in Jacobs Solutions in the fourth quarter worth about $2,161,000. Crossmark Global Holdings Inc. boosted its stake in Jacobs Solutions by 360.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after acquiring an additional 19,427 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Jacobs Solutions by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after acquiring an additional 73,567 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Jacobs Solutions by 6.8% during the 3rd quarter. Natixis Advisors LLC now owns 658,139 shares of the company’s stock worth $98,629,000 after purchasing an additional 41,740 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez bought 253 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the purchase, the director directly owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This trade represents a 2.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the acquisition, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 4,257 shares of company stock worth $477,651 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup boosted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $125.79 on Monday. The firm has a market capitalization of $14.85 billion, a P/E ratio of 39.06, a PEG ratio of 1.22 and a beta of 0.69. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The business has a fifty day moving average price of $121.65 and a 200-day moving average price of $130.07.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 annualized dividend and a yield of 1.1%. Jacobs Solutions’s 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.