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Curated Wealth Partners LLC Sells 102,292 Shares of Jacobs Solutions Inc. $J

Jacobs Solutions logo with Industrials background
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Key Points

Curated Wealth Partners LLC lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 98.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,697 shares of the company's stock after selling 102,292 shares during the period. Curated Wealth Partners LLC's holdings in Jacobs Solutions were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Jacobs Solutions in the third quarter valued at about $224,000. ZWJ Investment Counsel Inc. increased its position in Jacobs Solutions by 6.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 248,430 shares of the company's stock worth $33,605,000 after acquiring an additional 14,941 shares during the period. Mather Group LLC. increased its position in Jacobs Solutions by 79.7% during the third quarter. Mather Group LLC. now owns 345 shares of the company's stock worth $47,000 after acquiring an additional 153 shares during the period. Krilogy Financial LLC acquired a new stake in Jacobs Solutions in the 3rd quarter worth about $261,000. Finally, Dorato Capital Management raised its stake in Jacobs Solutions by 68.2% in the 3rd quarter. Dorato Capital Management now owns 2,770 shares of the company's stock worth $378,000 after purchasing an additional 1,123 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Down 0.1%

Shares of NYSE J opened at $140.91 on Monday. 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 company has a market cap of $16.64 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 1.77 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The stock has a 50-day moving average price of $143.51 and a two-hundred day moving average price of $132.09.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. 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. KeyCorp lowered their target price on shares of Jacobs Solutions from $168.00 to $166.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group lifted their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Truist Financial cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a "hold" rating for the company in a research note on Monday, October 5th. Finally, Wall Street Zen cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus price target of $156.40.

Get Our Latest Stock Report on Jacobs Solutions

Jacobs Solutions Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J - Free Report).

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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