4,215 Shares in Jacobs Solutions Inc. $J Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,215 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions during the 3rd quarter worth $27,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Jacobs Solutions in the second quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $38,000. Finally, Torren Management LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $150.76 on Wednesday. The firm has a 50 day simple moving average of $134.24 and a 200-day simple moving average of $130.05. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue for the quarter 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. On average, analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on J. Citigroup boosted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Truist Financial dropped their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions Company 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.