Czech National Bank Increases Stake in Jacobs Solutions Inc.

The Czech National Bank has raised its investment in Jacobs Solutions Inc. (NYSE:J) by 6.9% during the third quarter. This information comes from the bank's latest disclosure with the Securities & Exchange Commission. Following the addition of 1,646 shares, the Czech National Bank now owns a total of 25,507 shares of Jacobs Solutions. The value of this holding is approximately $3,339,000 based on the recent SEC filing.

Other institutional investors have also adjusted their holdings in Jacobs Solutions. For instance, Boston Partners increased its stake by 27.9% during the first quarter, acquiring an additional 805,657 shares, bringing its total to 3,697,086 shares valued at about $567,436,000. Meanwhile, Thrivent Financial for Lutherans saw a significant rise of 5,170.1% in their shares during the second quarter, enhancing their ownership by 411,123 shares to a total of 419,075 shares worth $58,550,000.

Similarly, Barrow Hanley Mewhinney & Strauss LLC increased its position by 6.1%, now owning 3,326,433 shares valued at $464,736,000 after acquiring an additional 192,166 shares in the last quarter. Russell Investments Group Ltd. reported a 305.4% increase in their holdings during the first quarter, bringing their total to 182,135 shares valued at $27,910,000 after buying 137,213 shares. Westwood Holdings Group Inc. also raised its position in Jacobs Solutions by 7,306.2% in the first quarter, now owning 138,051 shares worth $21,223,000 after purchasing 136,187 shares.

Jacobs Solutions Stock Performance

Jacobs Solutions’ shares, trading under the ticker NYSE:J, opened at $138.46 on Friday. The company maintains a debt-to-equity ratio of 0.31, a current ratio of 1.14, and a quick ratio of 1.14. It carries a market capitalization of $17.20 billion along with a price-to-earnings ratio of 27.36 and a PEG ratio of 1.39. The stock has a 50-day moving average of $144.64 and a 200-day moving average of $143.38. Over the past year, shares of Jacobs Solutions have reached a low of $120.71 and a high of $156.31.

On August 6th, Jacobs Solutions released its quarterly earnings results, reporting earnings per share (EPS) of $1.96, which matched analysts’ forecasts. The company generated revenue of $4.23 billion, slightly below the estimated $4.39 billion, with a year-over-year revenue increase of 1.1%. The prior year, the business had an EPS of $1.82. Analysts predict that Jacobs Solutions will achieve an EPS of 7.95 for the current year.

Dividend Announcement

Jacobs Solutions recently declared a quarterly dividend to be distributed on November 22nd. Shareholders of record as of October 25th will receive a dividend of $0.29 per share. The ex-dividend date is also set for October 25th. This annualizes to a total dividend of $1.16, yielding a dividend yield of 0.84%. The current dividend payout ratio for Jacobs Solutions is 22.92%.

Insider Transactions at Jacobs Solutions

In terms of insider activity, Steven J. Demetriou, an insider at Jacobs Solutions, sold 7,000 shares on August 1st for an average price of $146.88, totaling $1,028,160. Following this sale, he retained ownership of 527,138 shares valued at approximately $77,426,029. This transaction marked no change in his overall position. Additionally, William B. Allen, Jr., a Senior Vice President, sold 1,451 shares on August 16th at an average price of $146.51, which amounted to a total of $212,586. Following this transaction, he holds 26,699 shares worth about $3,911,670. Insiders have sold a total of 14,516 shares, valued at $2,152,693 in recent months, while corporate insiders own about 1.00% of the stock.

Analyst Ratings and Market Outlook

Several analysts have recently updated their ratings for Jacobs Solutions. Truist Financial revised its price target from $158.00 to $139.00 and maintained a “hold” rating. In contrast, UBS Group increased its target from $161.00 to $165.00, assigning a “buy” rating. Royal Bank of Canada also upgraded its price target from $161.00 to $167.00 while giving a rating of “outperform.” Raymond James changed its rating from “market perform” to “outperform” with a revised price target of $160.00. Furthermore, StockNews.com initiated coverage on Jacobs Solutions, issuing a “buy” rating. The company's overall consensus rating stands at “Moderate Buy” based on data from MarketBeat, with a target price of $159.60.

Company Overview

Jacobs Solutions Inc. is a provider of various services, including consulting, engineering, scientific, and project delivery, tailored for both government and private sectors across several regions including the US, Europe, Asia, and the Middle East. Their operational segments include Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting.

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