Aberdeen Wealth Management LLC Purchases Shares of 8,182 Jacobs Solutions Inc. $J

Aberdeen Wealth Management LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,182 shares of the company's stock, valued at approximately $1,031,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Visionary Wealth Advisors purchased a new stake in shares of Jacobs Solutions in the 2nd quarter worth approximately $265,000. Cibc World Market Inc. bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at $1,915,000. OMERS ADMINISTRATION Corp bought a new position in Jacobs Solutions in the second quarter valued at about $828,000. Osmosis Investment Management UK Ltd purchased a new position in shares of Jacobs Solutions in the second quarter worth approximately $4,291,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter worth $2,472,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

J opened at $151.46 on Tuesday. The business has a fifty day moving average of $133.73 and a 200 day moving average of $129.99. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a market cap of $17.88 billion, a P/E ratio of 53.71, a PEG ratio of 1.45 and a beta of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions's dividend payout ratio is presently 51.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial cut their price objective on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a research note on Thursday, July 2nd. Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Wells Fargo & Company decreased their price objective on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Insider Buying and Selling at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the 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 transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.48% of the company's stock.

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.

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