Jacobs Solutions Inc. $J Stock Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 242,700 shares of the company’s stock after selling 7,800 shares during the period. Jacobs Solutions accounts for approximately 1.2% of Hennessy Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Hennessy Advisors Inc.’s holdings in Jacobs Solutions were worth $32,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in J. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Jacobs Solutions in the third quarter worth $4,335,000. SFE Investment Counsel raised its stake in shares of Jacobs Solutions by 2.6% during the third quarter. SFE Investment Counsel now owns 77,064 shares of the company’s stock valued at $10,424,000 after purchasing an additional 1,977 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Jacobs Solutions by 0.6% during the third quarter. ProShare Advisors LLC now owns 18,360 shares of the company’s stock valued at $2,484,000 after purchasing an additional 116 shares in the last quarter. Investment Partners LTD. lifted its holdings in Jacobs Solutions by 78.2% in the third quarter. Investment Partners LTD. now owns 3,222 shares of the company’s stock worth $436,000 after purchasing an additional 1,414 shares during the period. Finally, Everett Harris & Co. CA grew its position in Jacobs Solutions by 2.1% in the 3rd quarter. Everett Harris & Co. CA now owns 158,081 shares of the company’s stock valued at $21,384,000 after buying an additional 3,266 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. KeyCorp lowered their target price on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. UBS Group upped their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Citigroup increased their price objective on shares of Jacobs Solutions from $181.00 to $188.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Royal Bank Of Canada boosted their target price on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.78.

Jacobs Solutions Price Performance

NYSE:J opened at $154.40 on Monday. The business’s 50-day moving average price is $143.66 and its 200 day moving average price is $133.90. The firm has a market cap of $18.23 billion, a P/E ratio of 54.75, a PEG ratio of 1.94 and a beta of 0.68. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $159.34. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business earned $1.62 earnings per share. Jacobs Solutions’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 predict that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

Insider Activity

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value 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 represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.