Jacobs Solutions Inc. $J Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 27.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,794 shares of the company’s stock after buying an additional 23,137 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Jacobs Solutions were worth $13,582,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC raised its stake in Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after acquiring an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC grew its stake in shares of Jacobs Solutions by 1.3% in the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after purchasing an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Jacobs Solutions by 0.7% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock valued at $1,585,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock valued at $137,000 after purchasing an additional 86 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock valued at $661,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction dated 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 sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Down 1.5%

J opened at $145.47 on Thursday. 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 12 month low of $105.68 and a 12 month high of $168.44. The stock has a market capitalization of $17.18 billion, a P/E ratio of 51.59, a P/E/G ratio of 1.42 and a beta of 0.68. The business has a 50 day simple moving average of $130.13 and a 200-day simple moving average of $129.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend 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 51.06%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on J shares. Truist Financial lowered their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. KeyCorp cut their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, 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 note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions 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.