Caldwell Investment Management Ltd. Purchases New Position in Jacobs Solutions Inc. $J

by · The Markets Daily

Caldwell Investment Management Ltd. purchased a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $1,472,000. Jacobs Solutions accounts for approximately 0.9% of Caldwell Investment Management Ltd.’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in J. Ameriprise Financial Inc. boosted its holdings in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after purchasing an additional 1,184,068 shares in the last quarter. AQR Capital Management LLC boosted its holdings in 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 purchasing an additional 525,291 shares in the last quarter. Robeco Schweiz AG acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $35,573,000. Amundi boosted its holdings in Jacobs Solutions by 75.1% in the third quarter. Amundi now owns 601,131 shares of the company’s stock valued at $92,109,000 after purchasing an additional 257,767 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Jacobs Solutions by 162.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 412,481 shares of the company’s stock valued at $54,637,000 after purchasing an additional 255,539 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In other news, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was acquired 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 of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 4,257 shares of company stock valued at $477,651 over the last three months. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Price Performance

J stock opened at $125.57 on Wednesday. The company has a market capitalization of $14.83 billion, a P/E ratio of 39.00, a PEG ratio of 1.16 and a beta of 0.69. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The business has a 50 day simple moving average of $122.63 and a 200-day simple moving average of $131.17. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.22 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on J shares. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Citigroup upped their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wells Fargo & Company lowered their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. KeyCorp lowered their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $153.40.

View Our Latest Analysis on J

About Jacobs Solutions

(Free Report)

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.

Further Reading

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