Freestone Grove Partners LP Makes New $3.13 Million Investment in Jacobs Solutions Inc. $J

Key Points

• Freestone Grove Partners acquired 24,856 Jacobs Solutions shares worth approximately $3.13 million, while institutional investors overall own 85.65% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $153.70; UBS and RBC recently raised their targets, while Truist and KeyCorp lowered theirs.
• Jacobs beat quarterly earnings and revenue estimates, reporting $1.84 EPS and $2.42 billion in revenue, up 8.3% year over year. The company also declared a $0.36 quarterly dividend, while President Patrick Hill sold $2.48 million in shares.

Freestone Grove Partners LP acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,856 shares of the company's stock, valued at approximately $3,132,000.

Several other institutional investors have also modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new stake in Jacobs Solutions in the third quarter worth $33,000. Keating Financial Advisory Services Inc. bought a new stake in Jacobs Solutions in the second quarter worth $30,000. International Assets Investment Management LLC purchased a new position in Jacobs Solutions during the fourth quarter worth $38,000. Finally, Compass Financial Management LLC purchased a new position in Jacobs Solutions during the second quarter worth $43,000. 85.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated 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 in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on J. UBS Group boosted their price objective 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. Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Truist Financial cut their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Finally, KeyCorp reduced their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Price Performance

J opened at $152.17 on Friday. The business has a fifty day moving average of $136.03 and a 200 day moving average of $130.27. The stock has a market cap of $17.97 billion, a P/E ratio of 53.96, a PEG ratio of 1.45 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44.

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. 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 for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

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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