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

Werlinich Asset Management LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 13,115 shares of the company’s stock, valued at approximately $1,652,000.

Other hedge funds have also modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Jacobs Solutions by 0.8% in the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after purchasing an additional 75 shares during the period. Gratus Wealth Advisors LLC raised its holdings in Jacobs Solutions by 1.3% during the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock worth $820,000 after buying an additional 81 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in Jacobs Solutions by 0.7% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock worth $1,585,000 after buying an additional 81 shares during the period. Parallel Advisors LLC lifted its stake in Jacobs Solutions by 10.4% during the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock valued at $137,000 after buying an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Jacobs Solutions by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock valued at $661,000 after buying an additional 93 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction that occurred 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 owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Truist Financial reduced their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, UBS Group boosted their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Price Performance

J opened at $147.46 on Friday. The stock has a fifty day moving average price of $138.11 and a 200 day moving average price of $130.35. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 2.13 and a beta of 0.70.

Jacobs Solutions (NYSE:J) 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 company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $1.62 EPS. 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. Analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS 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. Investors of record on Friday, August 21st will be issued a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

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.