Wealthfront Advisers LLC Acquires Shares of 5,585 Jacobs Solutions Inc. $J

Wealthfront Advisers LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,585 shares of the company’s stock, valued at approximately $704,000.

Several other hedge funds have also recently modified their holdings of J. BlackRock Inc. purchased a new position in Jacobs Solutions during the second quarter valued at $1,372,610,000. Ameriprise Financial Inc. lifted its stake in Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after purchasing an additional 1,184,068 shares in the last quarter. Focus Partners Wealth lifted its stake in Jacobs Solutions by 246.3% in the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after purchasing an additional 952,151 shares in the last quarter. Deutsche Bank AG purchased a new stake in Jacobs Solutions in the 2nd quarter worth $83,490,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $76,688,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on J shares. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada boosted their price target 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 upped their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Truist Financial lowered their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions 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 value of $2,478,664.10. Following the sale, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This represents 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 this link. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $149.77 on Friday. The stock’s fifty day moving average is $133.18 and its two-hundred day moving average is $129.91. The company has a market capitalization of $17.68 billion, a PE ratio of 53.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. 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 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. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company 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 $0.36 dividend. 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 (DPR) is presently 51.06%.

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.