Ancora Advisors LLC lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,427 shares of the company's stock after buying an additional 8,130 shares during the quarter. Ancora Advisors LLC's holdings in Jacobs Solutions were worth $3,960,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions in the third quarter valued at approximately $27,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $33,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at $38,000. Finally, Compass Financial Management LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $43,000. 85.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on J shares. Truist Financial cut their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a research report on Thursday, July 2nd. Wall Street Zen lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday. Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.70.
Get Our Latest Research Report on Jacobs Solutions
Jacobs Solutions Stock Down 1.9%
Jacobs Solutions stock opened at $146.24 on Wednesday. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. 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 firm's 50-day simple moving average is $137.15 and its 200 day simple moving average is $130.14. The stock has a market cap of $17.27 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.70.
Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating 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 last year, the business posted $1.62 EPS. The company'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. Research analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.
Jacobs Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions's dividend payout ratio is 51.06%.
Insider Transactions at Jacobs Solutions
In other news, President Patrick Hill sold 17,201 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company's stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by company insiders.
Jacobs Solutions Company Profile
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Free Report)
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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