Freestone Grove Partners LP Makes New $3.13 Million Investment in Jacobs Solutions Inc. $J

Freestone Grove Partners LP bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,856 shares of the company’s stock, valued at approximately $3,132,000.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Vident Advisory LLC lifted its stake in shares of Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after purchasing an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC grew its stake in Jacobs Solutions by 1.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after purchasing an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Jacobs Solutions by 0.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock valued at $1,585,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC grew its stake in Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock valued at $137,000 after purchasing an additional 86 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after purchasing an additional 93 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jacobs Solutions 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 transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by company insiders.

Jacobs Solutions Trading Up 1.0%

Jacobs Solutions stock opened at $152.17 on Friday. The stock has a 50-day moving average of $136.03 and a two-hundred day moving average of $130.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The stock has a market cap of $17.97 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping 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 business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, research analysts anticipate that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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 paid a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Wall Street Analyst Weigh In

Several research firms have commented on J. KeyCorp decreased their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. UBS Group boosted their price objective 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. Royal Bank Of Canada increased their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Truist Financial lowered 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $153.70.

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.