Focus Partners Wealth Purchases 96,770 Shares of Jacobs Solutions Inc. $J

Focus Partners Wealth increased its position in Jacobs Solutions Inc. (NYSE:J) by 33.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 386,547 shares of the company’s stock after buying an additional 96,770 shares during the quarter. Focus Partners Wealth’s holdings in Jacobs Solutions were worth $57,928,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Godsey & Gibb Inc. boosted its stake in shares of Jacobs Solutions by 121.0% in the third quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after acquiring an additional 121 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Jacobs Solutions by 65.4% in the third quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions during the third quarter worth about $33,000. Finally, First Horizon Corp bought a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $128.94 on Tuesday. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.32 and a beta of 0.78. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The stock’s 50 day simple moving average is $137.56 and its two-hundred day simple moving average is $143.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 3rd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company earned $1.33 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.1%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio (DPR) is 39.45%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of Jacobs Solutions stock in a transaction on Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the transaction, the president directly owned 25,344 shares of the company’s stock, valued at $3,399,390.72. This trade represents a 5.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

J has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Truist Financial reduced their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. The Goldman Sachs Group began coverage on shares of Jacobs Solutions in a report on Monday, November 24th. They issued a “buy” rating and a $158.00 target price on the stock. Bank of America cut their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Citigroup reduced their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.60.

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.