Jacobs Solutions Inc. $J Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Jacobs Solutions stake by 69.4% in the second quarter, bringing its holdings to 41,459 shares valued at approximately $5.2 million. Institutional investors collectively own 85.65% of the company.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $153.70, despite some firms maintaining or downgrading the stock to “Hold.”
• Jacobs reported quarterly earnings of $1.84 per share and revenue of $2.42 billion, surpassing estimates and representing 8.3% year-over-year revenue growth. The company also maintains a quarterly dividend of $0.36 per share, yielding about 1.0%.

Corient Private Wealth LP increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 69.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,459 shares of the company's stock after acquiring an additional 16,985 shares during the period. Corient Private Wealth LP's holdings in Jacobs Solutions were worth $5,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Jacobs Solutions in the second quarter worth approximately $1,372,610,000. Primecap Management Co. CA purchased a new position in shares of Jacobs Solutions in the 2nd quarter valued at about $575,291,000. 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 worth $424,846,000 after acquiring an additional 28,076 shares in the last quarter. Bank of America Corp DE purchased a new stake in Jacobs Solutions during the second quarter worth approximately $208,318,000. Finally, Focus Partners Wealth boosted its holdings in Jacobs Solutions by 246.3% in the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock valued at $177,324,000 after purchasing an additional 952,151 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of the business's stock in a transaction 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 $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial reduced 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 note on Thursday, July 2nd. Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Wall Street Zen cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, UBS Group increased their target price on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Six investment 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 presently has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Jacobs Solutions Trading Down 0.7%

Shares of NYSE J opened at $143.09 on Friday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 50.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.70. 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's 50 day simple moving average is $141.77 and its 200 day simple moving average is $130.95.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $1.62 earnings per share. The firm'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. Equities research analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

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. The ex-dividend date of this dividend was 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 NYSE: J is a global professional services and technical consulting company that provides engineering, design, consulting, program and construction management, and operations services. The company works with public- and private-sector clients on complex projects involving infrastructure, transportation, water, environmental services, energy, advanced manufacturing, life sciences, and other critical facilities.

Jacobs supports the planning, design, delivery, and operation of large-scale assets and systems.

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