Jacobs Solutions Inc. $J Shares Purchased by Demars Financial Group LLC

Demars Financial Group LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,849 shares of the company’s stock after acquiring an additional 3,842 shares during the quarter. Jacobs Solutions accounts for about 1.7% of Demars Financial Group LLC’s portfolio, making the stock its 10th largest position. Demars Financial Group LLC’s holdings in Jacobs Solutions were worth $6,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in J. NBT Bank N.A. bought a new stake in shares of Jacobs Solutions in the third quarter worth $457,000. Root Financial Partners LLC acquired a new stake in Jacobs Solutions in the third quarter valued at $131,000. Oakmont Investment Advisors Inc. increased its holdings in Jacobs Solutions by 102.0% in the third quarter. Oakmont Investment Advisors Inc. now owns 20,400 shares of the company’s stock valued at $2,760,000 after purchasing an additional 10,300 shares during the period. Sowell Financial Services LLC increased its holdings in Jacobs Solutions by 39.4% in the third quarter. Sowell Financial Services LLC now owns 2,401 shares of the company’s stock valued at $325,000 after purchasing an additional 679 shares during the period. Finally, Pinnacle Associates Ltd. bought a new position in Jacobs Solutions during the 3rd quarter worth $212,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the business’s 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 owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Stock Up 2.7%

Shares of NYSE J opened at $146.29 on Friday. The company has a market capitalization of $17.27 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 1.79 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. 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 company’s 50 day moving average price is $143.17 and its 200-day moving average price is $132.48.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 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 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 7.24 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were issued a $0.36 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s payout ratio is presently 51.06%.

Wall Street Analyst Weigh In

J has been the subject of several analyst reports. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. UBS Group upped their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. KeyCorp decreased their price target on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Truist Financial lowered their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $156.00.

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.