Washington Trust Advisors Inc. Sells 4,278 Shares of Jacobs Solutions Inc. $J

Washington Trust Advisors Inc. trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,088 shares of the company’s stock after selling 4,278 shares during the quarter. Jacobs Solutions comprises about 1.4% of Washington Trust Advisors Inc.’s portfolio, making the stock its 19th biggest position. Washington Trust Advisors Inc. owned approximately 0.13% of Jacobs Solutions worth $19,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions in the third quarter worth approximately $27,000. NBH Bank bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $28,000. Continuum Advisory LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $33,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on J shares. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. UBS Group raised their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Truist Financial dropped their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares of the company’s stock, valued at $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 is available at this link. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $146.11 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $138.52 and a two-hundred day simple moving average of $130.45. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.62 EPS. The firm’s revenue 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. Analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

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.