Professional Advisory Services Inc. Sells 19,410 Shares of Jacobs Solutions Inc. $J

Professional Advisory Services Inc. decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,156 shares of the company’s stock after selling 19,410 shares during the period. Jacobs Solutions comprises 3.1% of Professional Advisory Services Inc.’s holdings, making the stock its 14th largest holding. Professional Advisory Services Inc.’s holdings in Jacobs Solutions were worth $26,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in J. BlackRock Inc. acquired a new position in Jacobs Solutions in the 2nd quarter worth about $1,372,610,000. Primecap Management Co. CA bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $575,291,000. Bank of America Corp DE bought a new position in Jacobs Solutions during the 2nd quarter worth approximately $208,318,000. Focus Partners Wealth increased 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 worth $177,324,000 after purchasing an additional 952,151 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $118,783,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.6%

Shares of NYSE:J traded up $2.22 during trading on Thursday, reaching $138.57. 761,780 shares of the stock traded hands, compared to its average volume of 1,010,297. The stock has a 50-day moving average of $143.61 and a two-hundred day moving average of $131.54. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $16.36 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.25 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 21st were issued 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 was Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.

Insider Buying and Selling

In other Jacobs Solutions 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 value of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Truist Financial dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a research report on Monday. Finally, UBS Group increased their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.80.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.