Whitaker Myers Wealth Managers LTD. Makes New Investment in Jacobs Solutions Inc. $J

Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,223 shares of the company’s stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in J. Primecap Management Co. CA boosted its stake in Jacobs Solutions by 2.1% during the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock valued at $624,365,000 after purchasing an additional 96,387 shares during the period. Invesco Ltd. lifted its holdings in shares of Jacobs Solutions by 21.4% during the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after buying an additional 460,283 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock valued at $326,181,000 after acquiring an additional 32,043 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Jacobs Solutions by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock worth $256,966,000 after acquiring an additional 268,504 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Peter J. Robertson bought 1,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was bought at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $134,760. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Venkatesh Nathamuni bought 750 shares of the business’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $135.11 per share, for a total transaction of $101,332.50. Following the purchase, 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. In the last 90 days, insiders acquired 2,513 shares of company stock valued at $335,878. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $136.11 on Friday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The firm has a market cap of $16.07 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. The business has a fifty day moving average of $145.13 and a 200-day moving average of $143.41.

Jacobs Solutions (NYSE:J) last announced its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $3.14 billion. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. Jacobs Solutions’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Baird R W cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Citigroup dropped their price objective on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Truist Financial reduced their target price on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Royal Bank Of Canada lowered their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Finally, Wells Fargo & Company reduced their price objective on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.90.

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.