Virtus Advisers LLC Purchases New Holdings in Jacobs Solutions Inc. $J

Virtus Advisers LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,000 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ingalls & Snyder LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter valued at approximately $558,000. FORA Capital LLC purchased a new position in Jacobs Solutions in the 1st quarter valued at approximately $1,986,000. Atlantic Union Bankshares Corp increased its stake in Jacobs Solutions by 409.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock valued at $1,645,000 after purchasing an additional 10,057 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after purchasing an additional 2,548 shares during the last quarter. Finally, OLD National Bancorp IN boosted its position in Jacobs Solutions by 1,399.5% during the second quarter. OLD National Bancorp IN now owns 29,811 shares of the company’s stock worth $3,919,000 after purchasing an additional 27,823 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. The Goldman Sachs Group assumed coverage on shares of Jacobs Solutions in a research report on Monday, November 24th. They set a “buy” rating and a $158.00 target price for the company. Barclays upped their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.90.

Insider Activity

In other Jacobs Solutions news, CFO Venkatesh Nathamuni bought 750 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $135.11 per share, for a total transaction of $101,332.50. Following the completion of the purchase, the chief financial officer owned 20,785 shares of the company’s stock, valued at $2,808,261.35. This trade represents a 3.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez bought 763 shares of Jacobs Solutions stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the completion of the transaction, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 2,513 shares of company stock valued at $335,878 over the last quarter. Company insiders own 0.38% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $134.99 on Monday. The company has a market cap of $16.03 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day simple moving average of $151.51 and a 200-day simple moving average of $142.42.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.