Professional Advisory Services Inc. Grows Stake in Jacobs Solutions Inc. $J

Professional Advisory Services Inc. grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 213,566 shares of the company’s stock after acquiring an additional 25,179 shares during the period. Jacobs Solutions comprises 3.2% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 12th biggest position. Professional Advisory Services Inc. owned approximately 0.18% of Jacobs Solutions worth $26,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of J. Palouse Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 53.5% in the 2nd quarter. Palouse Capital Management Inc. now owns 27,424 shares of the company’s stock worth $3,455,000 after purchasing an additional 9,558 shares during the period. Czech National Bank grew its holdings in Jacobs Solutions by 5.1% during the second quarter. Czech National Bank now owns 33,610 shares of the company’s stock valued at $4,235,000 after purchasing an additional 1,624 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Jacobs Solutions by 4.6% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 9,160 shares of the company’s stock worth $1,154,000 after buying an additional 400 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Jacobs Solutions by 14.7% in the second quarter. Assenagon Asset Management S.A. now owns 10,594 shares of the company’s stock valued at $1,335,000 after buying an additional 1,355 shares during the period. Finally, Red Spruce Capital LLC raised its stake in shares of Jacobs Solutions by 2.9% in the second quarter. Red Spruce Capital LLC now owns 17,054 shares of the company’s stock valued at $2,149,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Manuel J. Fernandez bought 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.48% of the stock is owned by insiders.

Jacobs Solutions Stock Performance

Shares of J opened at $145.03 on Friday. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The stock’s 50-day simple moving average is $128.65 and its 200 day simple moving average is $129.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.43 and a current ratio of 1.29. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 51.06%.

Analyst Upgrades and Downgrades

J has been the subject of several research reports. Wells Fargo & Company cut their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup upped their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jacobs Solutions in a research report on Monday. Finally, Robert W. Baird reduced their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Hold” and an average price target of $152.22.

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.