Connect with us

Alaska

State of Alaska Department of Revenue Sells 1,005 Shares of Jacobs Solutions Inc. (NYSE:J)

Published

on

State of Alaska Department of Revenue Sells 1,005 Shares of Jacobs Solutions Inc. (NYSE:J)



State of Alaska Department of Revenue reduced its position in Jacobs Solutions Inc. (NYSE:J – Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,272 shares of the company’s stock after selling 1,005 shares during the quarter. State of Alaska Department of Revenue’s holdings in Jacobs Solutions were worth $2,500,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Boston Partners lifted its stake in Jacobs Solutions by 268.4% in the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after buying an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock valued at $215,215,000 after acquiring an additional 951,369 shares during the period. Ceredex Value Advisors LLC boosted its stake in Jacobs Solutions by 117.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after acquiring an additional 332,053 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Jacobs Solutions by 14,897.6% in the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock worth $41,737,000 after purchasing an additional 319,404 shares during the period. Finally, Baupost Group LLC MA increased its stake in Jacobs Solutions by 49.2% in the fourth quarter. Baupost Group LLC MA now owns 727,786 shares of the company’s stock valued at $94,467,000 after purchasing an additional 240,000 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 1.3 %

NYSE:J opened at $136.74 on Friday. Jacobs Solutions Inc. has a 52 week low of $119.76 and a 52 week high of $154.50. The firm has a 50-day moving average price of $139.74 and a two-hundred day moving average price of $140.87. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Advertisement

Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. On average, equities analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.85%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Citigroup boosted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.82.

View Our Latest Report on Jacobs Solutions

Advertisement

Insiders Place Their Bets

In related news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now owns 231,604 shares in the company, valued at $33,654,377.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares in the company, valued at approximately $33,654,377.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,500 shares of company stock valued at $3,180,575. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Company Profile

(Free Report)

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

Further Reading

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)



Advertisement

Receive News & Ratings for Jacobs Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Jacobs Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Advertisement

Alaska

Bangladeshi man flown to Alaska to face federal charges in ‘extensive’ child sexual exploitation case

Published

on

Bangladeshi man flown to Alaska to face federal charges in ‘extensive’ child sexual exploitation case


Bangladeshi national Zobaidul Amin is led to an aircraft in Malaysia by FBI agents before flying to Anchorage on Wednesday, March 4, 2026. Amin was indicted in 2022 on charges of operating an international child sex exploition enterprise and spent the past three years in Malaysia. (Photo provided by FBI)

A Bangladeshi man who authorities say operated an international child sexual exploitation enterprise involving hundreds of children, including those in Alaska, arrived in Anchorage this week after spending several years out on bail in Malaysia.

Zobaidul Amin, 28, made his first federal court appearance in Anchorage on Thursday.

A federal grand jury in Alaska indicted Amin in July 2022 on 13 charges related to the production and distribution of child pornography, cyberstalking and child exploitation. Law enforcement in Malaysia was prosecuting him on similar accusations.

Amin is accused of orchestrating a vast online sexual extortion ring that resulted in the abuse of minors, primarily from the United States.

Advertisement

“Amin delighted in sexually abusing hundreds of minor victims over social media,” prosecutors said in a memorandum filed Thursday recommending that a judge keep Amin jailed while awaiting trial. “He bragged about causing victims to become suicidal and engage in self-harm. He shared hundreds of nude images and videos of minor victims all over the internet and encouraged other perpetrators to do the same.”

The FBI arrested Amin on Wednesday in Malaysia and took him to Alaska, Anchorage FBI spokesperson Chloe Martin said in an emailed statement.

FBI agents wait on the tarmac as a plane carrying Bangladeshi national Zobaidul Amin from Malaysia arrives in Anchorage on Wednesday, March 4, 2026. Amin was indicted in 2022 on charges of operating an international child sex exploition enterprise and spent the past three years in Malaysia. (Photo provided by FBI)

Amin pleaded not guilty at Thursday’s hearing.

U.S. Magistrate Judge Kyle Reardon assigned Amin a public defender and ordered that he remained jailed while his case proceeds.

Amin, wearing a yellow Anchorage Correctional Complex jumpsuit, quietly spoke only two words during the hearing: “Yes,” when Reardon asked whether he understood his rights, and “yes” after Reardon asked if Amin agreed to waive his right to a speedy trial to allow his attorney to adequately prepare.

For more than three years, federal officials sought to have Amin “expelled” from Malaysia, where he was a medical student, to face charges in the U.S., prosecutors said in their memorandum.

Advertisement

Authorities have said they uncovered the sophisticated child sexual abuse material production scheme after a 14-year-old girl told Alaska State Troopers in 2021 that Amin coerced her via social media into sending him lewd images of herself and participating in sexually explicit conduct over video calls.

When the girl stopped communicating with Amin, prosecutors said, he carried out previous threats to distribute the images to her friends and social media followers.

“Dozens of search warrants, subpoenas, and legal process revealed that Amin did the same thing to hundreds of minor victims,” prosecutors said in the detention memo, adding that it was one of the “most extensive” operations of its kind investigated by law enforcement.

But authorities had been unable to extradite Amin from Malaysia, they said.

Malaysian authorities, with help from U.S. law enforcement, also charged Amin for offenses related to the production and distribution of child sexual abuse images in 2022.

Advertisement

He was released from custody in Malaysia after his family paid a bail equivalent to $24,000, according to the detention memo.

The requirements of Amin’s release included that he surrender his passport, not contact his victims or engage in child sexual abuse image conduct, and report to police monthly, according to the memo.

Prosecutors said they were not aware of any violations but added that it was unclear how strictly the requirements were enforced.

Had Amin fled to Bangladesh, he would have been able to evade prosecution because the U.S. doesn’t have an extradition treaty with the South Asian country, according to the memo.

Officials didn’t publicly disclose additional details about the circumstances that led to his arrest and transfer to Alaska or why he hadn’t been moved to the U.S. sooner.

Advertisement

The FBI and U.S. Department of Justice have been working “in conjunction with Malaysian authorities” to get Amin transferred to U.S. custody, the U.S. Attorney’s Office in Alaska said in a prepared statement Thursday.

A child exploitation and human trafficking task force based out of the FBI’s Anchorage offices investigated the case with the support of numerous agencies, including the Anchorage Police Department and Alaska State Troopers, the Royal Malaysia Police, and a long list of law enforcement entities in Wyoming, Oregon, West Virginia and Florida as well as cities including Atlanta, Los Angeles, Minneapolis, Newark, Salt Lake City and Seattle.





Source link

Continue Reading

Alaska

Bill allowing physician assistants to practice independently passes Alaska Senate

Published

on

Bill allowing physician assistants to practice independently passes Alaska Senate


JUNEAU — The Alaska Senate has passed a bill that would allow physician assistants with sufficient training to practice under an independent license, removing the state’s current requirement that they work under a formal collaborative agreement with physicians.

Supporters say the change would reduce administrative burdens that can delay and increase the cost of care. But physicians who opposed the bill argue it lowers the bar for training and could affect patient care.

Senate Bill 89, sponsored by Anchorage Democratic Sen. Löki Tobin, passed by a unanimous vote in the Senate on Wednesday, with 18 votes in favor and two members absent. The bill would allow physician assistants to apply for an independent license after completing 4,000 hours of postgraduate supervised clinical practice.

Under current law, physician assistants in Alaska must operate under a collaborative plan with physicians. These plans outline the medical services a physician assistant can provide and require oversight from doctors.

Advertisement

The Alaska State Medical Board regulates physician assistants and authorizes them to provide care only within the scope of their training. Most physician assistants in Alaska work in family practice, though some are specially trained in particular fields. All care must be provided under a physician’s license through a collaborative agreement that also requires a second, alternate physician to sign off.

For some clinics, particularly in more remote areas, finding those physicians can be difficult.

Mary Swain, CEO of Cama’i Community Health Center in Bristol Bay, testified in support of the bill before the Senate Labor and Commerce Committee in March 2025. Her practice employs two physicians to maintain collaborative plans for its physician assistants. She said neither of them lived in the community, and the primary physician lived out of state.

Roughly 15% of physicians who hold collaborative agreements with Alaska-based physician assistants do not live in the state, according to Tobin. At the same time, Alaskans face some of the highest health care costs in the nation.

Jared Wallace, a physician assistant in Kenai and owner of Odyssey Family Practice, testified in support of the bill at a committee meeting in April.

Advertisement

Wallace said maintaining collaborative agreements is one of the most difficult parts of running his clinic. He said he pays a collaborative physician about $2,000 per physician assistant per month, roughly $96,000 a year, simply to maintain the required agreement.

“In my experience, a collaborative plan does not improve nor ensure good patient care,” Wallace said. “Instead, it is a barrier in providing good health care in a rural community where access is limited, is a threat that delicately suspends my practice in place, and if severed, the 6,000 patients that I care for would lose access to (their) primary provider and become displaced.”

Opposition to the bill largely came from physicians, who testified that physician assistants do not receive the same depth of training as doctors.

Dr. Nicholas Cosentino, an internal medicine physician, testified in opposition to the bill last April. He said that medical school training provides crucial experience in diagnosing complex cases.

“It’s not infrequent that you get a patient that you’re not exactly sure you know what’s going on, and you have to fall back on your scientific background, the four years of medical school training, the countless hours of residency to come up with that differential, to think critically and come up with a plan for that patient,” Cosentino said. “I think the bill as stated, 4,000 hours, does not equate to that level of training.”

Advertisement

The Alaska Primary Care Association said it supports the intent of the bill but argued that physician assistants should complete 10,000 hours in a collaborative practice model with a physician before practicing independently.

Other states that have moved to allow independent licensure for physician assistants have adopted a range of thresholds. North Dakota requires 4,000 hours, while Montana requires 8,000 hours. Utah requires 10,000 hours of postgraduate supervised work, while Wyoming does not set a specific statewide minimum hour requirement.

Tobin said the hour requirement chosen in the bill came from conversations with experts during the bill’s drafting.

“When we were working with stakeholders on this piece of legislation, we came to a compromise of 4,000 hours, recognizing and understanding that there was concerns, but also … understanding that it is a bit of an arbitrary choice,” she said.

The bill now heads to House committees before a potential vote on the House floor.

Advertisement





Source link

Continue Reading

Alaska

Dunleavy, EPA visit UAF to discuss regulations in the arctic environment

Published

on

Dunleavy, EPA visit UAF to discuss regulations in the arctic environment


Fairbanks, Alaska (KTUU/KTVF) – On Wednesday, Gov. Mike Dunleavy, Alaska Attorney General Stephen Cox and Lee Zeldin, the administrator for the Environmental Protection Agency (EPA), spoke to press at the University of Alaska Fairbanks power plant.

During their time at the university, the federal and state leaders spoke about developing resources such as coal, oil, gas and critical minerals in the 49th state.

During his 24-hour trip to Fairbanks, Zeldin said he has spoke to business and state leaders about environmental regulations impacting operations in Alaska, saying the EPA needs to consider whether regulations are solving problems or are solutions in search of a problem.

He also discussed the concept of “cooperative federalism,” where the EPA takes its cues from state leaders to determine where regulations and help are needed.

Advertisement

“We’re here at the University of Alaska’s coal plant, and the most modern coal plant in the United States of America,” Dunleavy said.

Zeldin said visiting Fairbanks in winter helps inform decisions the agency is considering.

“There are a lot of decisions right now in front of this agency that the first-hand perspective of being here on the ground helps inform our agency to make the right decision,” he said.

Zeldin also said the agency is hearing concerns from Alaska truckers about diesel exhaust rules in extreme cold.

“We then met with truckers who have been dealing with unique cold weather concerns with the implementation of EPA regulations related to diesel exhaust fluid system,” he said.

Advertisement

When asked about PFAS in drinking water, Zeldin said the EPA is not rolling back the standards.

“So the PFAS standards are not being rolled back at all,” he said.

On Fairbanks air quality and PM2.5 regulations, Zeldin said the agency wants to work with the state.

“We want, at the EPA, to help the Fairbanks community be able to be in attainment on PM 2.5. We want to make it work,” he said.

Dunleavy said energy costs and heating needs remain a major factor in Interior air quality discussions.

Advertisement

“People have to be able to live. They’ve got to be able to afford to live,” he said.

Zeldin said EPA is considering further changes to diesel regulations and urged Alaskans to participate in the rulemaking process.

“We need Alaskans to participate in that public comment period,” he said.

See a spelling or grammar error? Report it to web@ktuu.com

Advertisement



Source link

Continue Reading

Trending