Professional Advisory Services Inc. Buys 25,179 Shares of Jacobs Solutions Inc. $J

Professional Advisory Services Inc. grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 13.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 213,566 shares of the company’s stock after buying an additional 25,179 shares during the period. Jacobs Solutions accounts for 3.2% of Professional Advisory Services Inc.’s portfolio, making the stock its 12th largest position. Professional Advisory Services Inc.’s holdings in Jacobs Solutions were worth $26,909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions during the third quarter valued at about $27,000. Wealth Watch Advisors INC purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $38,000. Torren Management LLC bought a new position in shares of Jacobs Solutions during the 4th quarter valued at about $41,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Jacobs Solutions during the 4th quarter valued at about $46,000. 85.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez bought 253 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. This trade represents a 2.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company cut their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Jacobs Solutions in a report on Monday. Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup increased their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $152.22.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $145.03 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.13 billion, a PE ratio of 51.43, a P/E/G ratio of 1.39 and a beta of 0.68. The business has a 50 day moving average of $128.65 and a 200 day moving average of $129.30. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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