Pasadena Private Wealth LLC Takes $560,000 Position in Jacobs Solutions Inc. $J

Pasadena Private Wealth LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,447 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds have also modified their holdings of J. BlackRock Inc. acquired a new stake in Jacobs Solutions during the 2nd quarter worth $1,372,610,000. Ameriprise Financial Inc. increased its stake in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after purchasing an additional 1,184,068 shares during the period. Focus Partners Wealth increased its stake in Jacobs Solutions by 246.3% in the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock valued at $177,324,000 after purchasing an additional 952,151 shares during the period. Deutsche Bank AG purchased a new stake in shares of Jacobs Solutions in the second quarter valued at about $83,490,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Jacobs Solutions in the second quarter valued at about $76,688,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Wells Fargo & Company lowered their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. KeyCorp dropped their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Royal Bank Of Canada increased their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Six 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 presently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Stock Up 3.3%

J stock opened at $147.56 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. The company’s 50 day simple moving average is $132.30 and its 200-day simple moving average is $129.68. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The firm has a market capitalization of $17.42 billion, a PE ratio of 52.33, a P/E/G ratio of 1.38 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the company earned $1.62 EPS. 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. Equities analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors 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 (DPR) is currently 51.06%.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred on 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 directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

About Jacobs Solutions

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.