Occidental Asset Management LLC Takes Position in Jacobs Solutions Inc. $J

Key Points

• Occidental Asset Management acquired 34,914 shares of Jacobs Solutions worth approximately $4.4 million, while institutional investors and hedge funds collectively own 85.65% of the company.
• Jacobs beat quarterly estimates with earnings of $1.84 per share and revenue of $2.42 billion, up 8.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.20–$7.30.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $153.70; Jacobs also declared a quarterly dividend of $0.36 per share, yielding about 1.0% annually.

Occidental Asset Management LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,914 shares of the company's stock, valued at approximately $4,399,000.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in Jacobs Solutions by 828.5% during the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company's stock worth $174,434,000 after purchasing an additional 1,184,068 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Jacobs Solutions by 246.3% in the 4th 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 during the last quarter. Deutsche Bank AG acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at $83,490,000. Bank of New York Mellon Corp acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at $76,688,000. Finally, L1 Capital International Pty Ltd grew its stake in shares of Jacobs Solutions by 363.6% during the 4th quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company's stock valued at $95,839,000 after buying an additional 567,478 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE:J opened at $143.63 on Tuesday. 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 firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 1.39 and a beta of 0.68. The firm's fifty day simple moving average is $131.44 and its 200 day simple moving average is $129.55. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.40 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm's revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on J. Wells Fargo & Company dropped 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. UBS Group boosted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Weiss Ratings restated a "hold (c-)" rating on shares of Jacobs Solutions in a research note on Monday, August 3rd. KeyCorp cut their price objective on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Finally, Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Insiders Place Their Bets

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

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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