10,300 Jacobs Solutions Inc. $J Shares Bought by Oakmont Investment Advisors Inc.

Key Points

• Oakmont Investment Advisors doubled its Jacobs Solutions stake in the third quarter, purchasing 10,300 additional shares and bringing its holdings to 20,400 shares valued at approximately $2.76 million.
• Institutional investors own 85.65% of Jacobs Solutions, while company president Patrick Hill sold 17,201 shares for about $2.48 million, reducing his position by 20.34%.
• Analysts maintain a mixed outlook, with an average “Hold” rating and a $156 consensus price target. Jacobs recently exceeded quarterly earnings and revenue estimates, reporting $1.84 in EPS and $2.42 billion in revenue, and pays a $0.36 quarterly dividend.

Oakmont Investment Advisors Inc. grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 102.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,400 shares of the company's stock after purchasing an additional 10,300 shares during the period. Jacobs Solutions comprises about 1.9% of Oakmont Investment Advisors Inc.'s portfolio, making the stock its 10th biggest position. Oakmont Investment Advisors Inc.'s holdings in Jacobs Solutions were worth $2,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Frank Rimerman Advisors LLC boosted its stake in shares of Jacobs Solutions by 5.0% in the third quarter. Frank Rimerman Advisors LLC now owns 1,711 shares of the company's stock valued at $231,000 after purchasing an additional 81 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Jacobs Solutions by 1.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,633 shares of the company's stock valued at $844,000 after purchasing an additional 97 shares in the last quarter. Flynn Zito Capital Management LLC increased its stake in Jacobs Solutions by 6.0% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,975 shares of the company's stock worth $251,000 after buying an additional 111 shares during the period. Waverly Advisors LLC increased its stake in Jacobs Solutions by 2.3% during the 2nd quarter. Waverly Advisors LLC now owns 5,309 shares of the company's stock worth $669,000 after buying an additional 117 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Jacobs Solutions by 5.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,311 shares of the company's stock worth $294,000 after buying an additional 125 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 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 completion of the transaction, the president owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on J. Royal Bank Of Canada raised their price target 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. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. UBS Group upped their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Weiss Ratings raised Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, KeyCorp reduced their price objective on Jacobs Solutions from $168.00 to $166.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $156.00.

Jacobs Solutions Stock Performance

Shares of J opened at $142.51 on Thursday. The stock has a 50-day simple moving average of $143.12 and a 200-day simple moving average of $132.35. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $16.83 billion, a PE ratio of 20.33, a PEG ratio of 1.75 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $1.62 earnings per share. The business's revenue for the quarter 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, analysts predict that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were paid a $0.36 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions's payout ratio is currently 51.06%.

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.

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