Kovitz Investment Group Partners LLC Sells 256,230 Shares of Jacobs Solutions Inc. $J

Kovitz Investment Group Partners LLC lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 22.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,284 shares of the company’s stock after selling 256,230 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.75% of Jacobs Solutions worth $135,067,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Forum Financial Management LP raised its stake in Jacobs Solutions by 2.0% during the 3rd quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock worth $477,000 after buying an additional 63 shares during the period. Harfst & Associates Inc. grew its stake in Jacobs Solutions by 0.5% in the third quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock valued at $1,891,000 after acquiring an additional 64 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Jacobs Solutions by 3.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after acquiring an additional 66 shares in the last quarter. Blue Trust Inc. raised its position in shares of Jacobs Solutions by 11.2% during the third quarter. Blue Trust Inc. now owns 695 shares of the company’s stock worth $104,000 after purchasing an additional 70 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Jacobs Solutions by 1.6% during the second quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock worth $584,000 after purchasing an additional 71 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

J opened at $137.76 on Friday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 1.43 and a beta of 0.80. The firm’s fifty day moving average price is $137.64 and its two-hundred day moving average price is $144.64.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 3rd. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 20th. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.07%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. The Goldman Sachs Group began coverage on shares of Jacobs Solutions in a research note on Monday, November 24th. They issued a “buy” rating and a $158.00 price objective on the stock. Robert W. Baird cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Citigroup decreased their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Truist Financial lowered their target price on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $156.60.

Insider Activity

In other Jacobs Solutions news, CFO Venkatesh Nathamuni acquired 750 shares of the business’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $135.11 per share, with a total value of $101,332.50. Following the completion of the transaction, the chief financial officer owned 20,785 shares in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez acquired 763 shares of Jacobs Solutions stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $130.78 per share, with a total value of $99,785.14. Following the purchase, the director directly owned 10,380 shares in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,513 shares of company stock valued at $335,878 over the last three months. Corporate insiders own 0.48% of the company’s stock.

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.