ZWJ Investment Counsel Inc. Purchases 14,941 Shares of Jacobs Solutions Inc. $J

ZWJ Investment Counsel Inc. increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 6.4% during the third quarter, Holdings Channel reports. The institutional investor owned 248,430 shares of the company’s stock after buying an additional 14,941 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Jacobs Solutions were worth $33,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in J. BlackRock Inc. purchased a new position in Jacobs Solutions in the second quarter worth approximately $1,372,610,000. Primecap Management Co. CA purchased a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $575,291,000. Bank of America Corp DE purchased a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $208,318,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $118,783,000. Finally, Deutsche Bank AG acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $83,490,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Truist Financial dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.80.

Jacobs Solutions Stock Down 0.3%

Shares of NYSE:J opened at $141.84 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a market capitalization of $16.75 billion, a PE ratio of 50.30, a P/E/G ratio of 1.78 and a beta of 0.72. The firm has a 50 day simple moving average of $143.64 and a 200-day simple moving average of $131.86.

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 analysts’ consensus estimates of $1.83 by $0.01. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 7.25 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 21st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Jacobs Solutions’s dividend payout ratio is presently 51.06%.

Insider Buying and Selling at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the firm’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 transaction of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.