Corient Private Wealth LP Invests $5.22 Million in Jacobs Solutions Inc. $J

Key Points

• Corient Private Wealth purchased 41,467 Jacobs Solutions shares valued at approximately $5.22 million, while institutional investors collectively own 85.65% of the company.
• Analyst sentiment remains moderately positive, with six Buy and six Hold ratings and an average price target of $153.70; recent target changes ranged from $131 to $181.
• Jacobs exceeded quarterly expectations with $1.84 in EPS and $2.42 billion in revenue, up 8.3% year over year, and announced a quarterly dividend of $0.36 per share.

Corient Private Wealth LP bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,467 shares of the company's stock, valued at approximately $5,225,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Jacobs Solutions during the second quarter valued at $1,372,610,000. State Street Corp grew its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company's stock worth $975,942,000 after buying an additional 243,345 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Jacobs Solutions in the 2nd quarter worth about $575,291,000. Morgan Stanley raised its position in shares of Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company's stock valued at $447,673,000 after buying an additional 552,277 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Jacobs Solutions by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company's stock valued at $424,846,000 after buying an additional 28,076 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on J shares. Wall Street Zen downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday. Citigroup boosted their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the stock 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 on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada raised their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Finally, KeyCorp dropped their target price on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $153.70.

Insider Buying and Selling at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions 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 sale, the president owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Down 2.0%

NYSE:J opened at $148.97 on Tuesday. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 52.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $136.64 and a 200-day simple moving average of $130.11.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is 51.06%.

Jacobs Solutions 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.

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