Washington Trust Advisors Inc. Sells 4,278 Shares of Jacobs Solutions Inc. $J

Washington Trust Advisors Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,088 shares of the company’s stock after selling 4,278 shares during the quarter. Jacobs Solutions accounts for approximately 1.4% of Washington Trust Advisors Inc.’s portfolio, making the stock its 19th largest position. Washington Trust Advisors Inc.’s holdings in Jacobs Solutions were worth $19,289,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of J. Ameritas Advisory Services LLC raised its stake in Jacobs Solutions by 79.3% in the second quarter. Ameritas Advisory Services LLC now owns 9,646 shares of the company’s stock valued at $1,215,000 after purchasing an additional 4,266 shares in the last quarter. HB Wealth Management LLC grew its stake in Jacobs Solutions by 5.7% in the 2nd quarter. HB Wealth Management LLC now owns 5,873 shares of the company’s stock worth $740,000 after buying an additional 319 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of Jacobs Solutions in the 2nd quarter worth $38,000. NBH Bank bought a new position in shares of Jacobs Solutions in the 2nd quarter worth $28,000. Finally, Oakmont Investment Advisors Inc. bought a new position in shares of Jacobs Solutions in the 2nd quarter worth $1,273,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on J. Royal Bank Of Canada lifted their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. UBS Group lifted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Truist Financial dropped their price target 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 research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Jacobs Solutions Stock Down 0.1%

J opened at $146.11 on Monday. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $138.52 and its 200-day moving average price is $130.45. The company has a market cap of $17.25 billion, a P/E ratio of 51.81, a P/E/G ratio of 2.12 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its 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 return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the business posted $1.62 EPS. Jacobs Solutions’s quarterly revenue 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. On average, equities analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is 51.06%.

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company 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.