1,901 Shares in Jacobs Solutions Inc. $J Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,901 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Jacobs Solutions during the second quarter worth approximately $1,756,000. Nisa Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 32,724 shares of the company’s stock worth $4,302,000 after purchasing an additional 98 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Jacobs Solutions by 21.5% during the second quarter. Wealthfront Advisers LLC now owns 5,423 shares of the company’s stock worth $713,000 after purchasing an additional 961 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Jacobs Solutions by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,905 shares of the company’s stock worth $6,429,000 after purchasing an additional 472 shares during the period. Finally, Prudent Man Advisors LLC boosted its holdings in shares of Jacobs Solutions by 15.6% during the second quarter. Prudent Man Advisors LLC now owns 9,104 shares of the company’s stock worth $1,197,000 after purchasing an additional 1,230 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $158.33 on Thursday. The firm has a fifty day simple moving average of $151.32 and a 200-day simple moving average of $138.36. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 1.86 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $1.96 earnings per share. Jacobs Solutions’s revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on J. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Truist Financial lifted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. KeyCorp lifted their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Barclays lifted their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, UBS Group lifted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.