24,650 Shares in Jacobs Solutions Inc. $J Purchased by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, Holdings Channel reports. The firm acquired 24,650 shares of the company’s stock, valued at approximately $3,106,000.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Jacobs Solutions by 737.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after acquiring an additional 140,179 shares in the last quarter. Kepler Cheuvreux Suisse SA bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $2,161,000. Crossmark Global Holdings Inc. boosted its position in shares of Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after purchasing an additional 19,427 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Jacobs Solutions in the fourth quarter worth $3,312,000. Finally, Goldman Sachs Group Inc. grew its stake in Jacobs Solutions by 24.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after purchasing an additional 169,059 shares during the period. 85.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated 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 completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on J shares. Wells Fargo & Company decreased their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Citigroup upped their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $150.41 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $17.76 billion, a P/E ratio of 53.34, a PEG ratio of 1.46 and a beta of 0.68. The stock’s 50 day moving average is $135.41 and its 200 day moving average is $130.11. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share 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 analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. 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. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 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.