Virtus Advisers LLC Buys New Position in Jacobs Solutions Inc. $J

Virtus Advisers LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,000 shares of the company’s stock, valued at approximately $263,000.

Several other hedge funds have also made changes to their positions in the business. LPL Financial LLC increased its stake in Jacobs Solutions by 4.4% during the 1st quarter. LPL Financial LLC now owns 110,538 shares of the company’s stock worth $13,363,000 after buying an additional 4,612 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Jacobs Solutions by 108.3% in the first quarter. Arkadios Wealth Advisors now owns 8,634 shares of the company’s stock worth $1,044,000 after acquiring an additional 4,490 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Jacobs Solutions by 15.2% during the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after acquiring an additional 17,120 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of Jacobs Solutions in the first quarter valued at $1,565,000. Finally, Manchester Capital Management LLC raised its stake in shares of Jacobs Solutions by 11.0% in the first quarter. Manchester Capital Management LLC now owns 1,738 shares of the company’s stock valued at $210,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other news, Director Manuel J. Fernandez acquired 763 shares of Jacobs Solutions stock in a transaction on Monday, November 24th. The stock was bought at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the purchase, the director owned 10,380 shares in the company, valued at $1,357,496.40. This represents a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Venkatesh Nathamuni acquired 750 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $135.11 per share, with a total value of $101,332.50. Following the completion of the acquisition, the chief financial officer directly owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,513 shares of company stock valued at $335,878 in the last three months. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on J shares. The Goldman Sachs Group started coverage on Jacobs Solutions in a report on Monday, November 24th. They set a “buy” rating and a $158.00 price target on the stock. Barclays upped their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. KeyCorp raised their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Baird R W cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Royal Bank Of Canada dropped their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.90.

Jacobs Solutions Stock Down 0.6%

J stock opened at $134.99 on Monday. The stock has a market cap of $16.03 billion, a P/E ratio of 33.66, a PEG ratio of 1.87 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The company’s 50 day moving average is $151.51 and its two-hundred day moving average is $142.42.

Jacobs Solutions (NYSE:J) last issued its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio is 52.89%.

About Jacobs Solutions

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.