Jacobs Solutions Inc. $J Stock: Wedbush Securities Inc. Trims Position

Wedbush Securities Inc. cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 65.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,838 shares of the company’s stock after selling 3,546 shares during the period. Wedbush Securities Inc.’s holdings in Jacobs Solutions were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Jacobs Solutions during the 2nd quarter worth $1,372,610,000. Primecap Management Co. CA bought a new stake in shares of Jacobs Solutions in the second quarter valued at about $575,291,000. Bank of America Corp DE bought a new stake in shares of Jacobs Solutions in the second quarter valued at about $208,318,000. Caisse de depot et placement du Quebec purchased a new stake in Jacobs Solutions in the second quarter worth about $118,783,000. Finally, Amundi lifted its stake in Jacobs Solutions by 4.0% in the second quarter. Amundi now owns 883,673 shares of the company’s stock worth $111,328,000 after acquiring an additional 34,298 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions 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 transaction, the president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Up 1.0%

NYSE:J opened at $152.46 on Friday. The company’s 50-day simple moving average is $143.54 and its 200-day simple moving average is $133.82. 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 fifty-two week low of $105.68 and a fifty-two week high of $160.87. The stock has a market capitalization of $18.00 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.89 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business posted $1.62 EPS. Jacobs Solutions’s 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, equities analysts anticipate that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

J has been the topic of several recent research reports. Truist Financial dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Citigroup upped their price target on shares of Jacobs Solutions from $181.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. KeyCorp lowered their price target on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $156.78.

Jacobs Solutions Company Profile

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.