Corient Private Wealth LP Takes Position in Jacobs Solutions Inc. $J

Corient Private Wealth LP acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the second quarter, HoldingsChannel reports. The fund acquired 41,467 shares of the company’s stock, valued at approximately $5,225,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in Jacobs Solutions during the 3rd quarter valued at about $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $33,000. Keating Financial Advisory Services Inc. bought a new position in shares of Jacobs Solutions during the second quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new position in shares of Jacobs Solutions during the fourth quarter valued at approximately $38,000. Finally, Compass Financial Management LLC purchased a new position in Jacobs Solutions during the second quarter valued at approximately $43,000. 85.65% of the stock is currently owned by institutional investors.

Insider Activity at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was 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 owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company dropped their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. UBS Group lifted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 10th. Citigroup boosted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Truist Financial decreased their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $153.70.

Jacobs Solutions Trading Down 2.0%

NYSE J opened at $148.97 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The firm has a market cap of $17.59 billion, a PE ratio of 52.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The company has a 50 day moving average price of $136.64 and a 200 day moving average price of $130.11. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. 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.