Greenwood Capital Associates LLC Grows Holdings in Jacobs Solutions Inc. $J

Greenwood Capital Associates LLC boosted its position in Jacobs Solutions Inc. (NYSE:J) by 44.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 60,061 shares of the company’s stock after purchasing an additional 18,463 shares during the period. Greenwood Capital Associates LLC’s holdings in Jacobs Solutions were worth $7,568,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Citigroup raised their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on 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 cut their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $153.70.

Insider Buying and Selling at Jacobs Solutions

In other 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 value of $2,478,664.10. Following the sale, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is owned by insiders.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $152.17 on Friday. The business’s 50 day simple moving average is $136.03 and its 200 day simple moving average is $130.27. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 53.96, a PEG ratio of 1.47 and a beta of 0.68. 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 (NYSE:J) last issued its quarterly 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 firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business’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 firm earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) 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.