Janney Montgomery Scott LLC Reduces Stock Position in Jacobs Solutions Inc. $J

Janney Montgomery Scott LLC cut its stake in Jacobs Solutions Inc. (NYSE:J) by 4.8% in the first quarter, HoldingsChannel.com reports. The fund owned 100,558 shares of the company’s stock after selling 5,066 shares during the period. Janney Montgomery Scott LLC’s holdings in Jacobs Solutions were worth $12,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Jacobs Solutions by 92.3% during the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after buying an additional 3,226 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Jacobs Solutions by 38.7% in the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after buying an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth $321,000. Baird Financial Group Inc. grew its holdings in shares of Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after acquiring an additional 248 shares during the period. Finally, AXA S.A. grew its holdings in shares of Jacobs Solutions by 14.9% in the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after acquiring an additional 2,556 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Manuel J. Fernandez acquired 253 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, with a total value of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 4,257 shares of company stock valued at $477,651 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $124.83 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The company has a market capitalization of $14.74 billion, a P/E ratio of 38.77, a P/E/G ratio of 1.22 and a beta of 0.69. The firm’s 50 day simple moving average is $121.47 and its two-hundred day simple moving average is $129.83.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Research analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on J shares. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.40.

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.