Pallas Capital Advisors LLC Makes New Investment in Jacobs Solutions Inc. $J

Pallas Capital Advisors LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,896 shares of the company’s stock, valued at approximately $5,153,000.

Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Jacobs Solutions by 828.5% in 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 lifted its position in Jacobs Solutions by 246.3% during 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 during the last quarter. Deutsche Bank AG purchased a new position in Jacobs Solutions in the 2nd quarter worth approximately $83,490,000. Bank of New York Mellon Corp purchased a new position in Jacobs Solutions in the 2nd quarter worth approximately $76,688,000. Finally, L1 Capital International Pty Ltd increased its holdings in shares of Jacobs Solutions by 363.6% in the 4th quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock worth $95,839,000 after buying an additional 567,478 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.7%

Shares of J opened at $143.63 on Tuesday. The firm has a market cap 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 company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a 50 day moving average price of $131.44 and a 200-day moving average price of $129.55.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction dated Friday, August 7th. The stock was 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 directly owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on J. Wells Fargo & Company lowered their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday, August 3rd. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, UBS Group upped their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

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.