De Lisle Partners LLP acquired a new position in Jacobs Solutions Inc. (NYSE:J – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 36,700 shares of the company’s stock, valued at approximately $4,623,000.
Other large investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in Jacobs Solutions in the 3rd quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Jacobs Solutions during the second quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at approximately $38,000. Finally, Torren Management LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter worth $41,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Insider Transactions at Jacobs Solutions
In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the president owned 67,356 shares in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by company insiders.
Jacobs Solutions Stock Up 1.2%
Jacobs Solutions (NYSE:J – Get Free Report) last announced 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. The company had revenue of $2.42 billion during 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 business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, analysts anticipate that Jacobs Solutions Inc. will post 7.26 EPS for the current year.
Jacobs Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is 51.06%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on J. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company dropped 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 report on Thursday, May 7th. UBS Group upped their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $153.70.
View Our Latest Stock Report on Jacobs Solutions
Jacobs Solutions Company 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.
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