Whitaker Myers Wealth Managers LTD. Invests $783,000 in Jacobs Solutions Inc. $J

Whitaker Myers Wealth Managers LTD. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,223 shares of the company’s stock, valued at approximately $783,000.

Several other hedge funds have also added to or reduced their stakes in J. Ameriprise Financial Inc. grew its stake in Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after acquiring an additional 1,184,068 shares during the period. AQR Capital Management LLC raised its position in shares of Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after purchasing an additional 525,291 shares during the period. Invesco Ltd. lifted its holdings in shares of Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after purchasing an additional 460,283 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Jacobs Solutions by 350.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock worth $72,638,000 after purchasing an additional 429,880 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock worth $335,095,000 after buying an additional 372,275 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, CFO Venkatesh Nathamuni acquired 750 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $135.11 per share, with a total value of $101,332.50. Following the acquisition, the chief financial officer owned 20,785 shares in the company, valued at $2,808,261.35. This represents a 3.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel J. Fernandez bought 763 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, with a total value of $99,785.14. Following the completion of the purchase, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This represents a 7.93% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,513 shares of company stock worth $335,878 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

J has been the topic of a number of research reports. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday. Bank of America reduced their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. KeyCorp increased their target price on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada dropped their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.90.

Jacobs Solutions Stock Up 0.2%

Jacobs Solutions stock opened at $136.11 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The company has a fifty day simple moving average of $145.13 and a 200 day simple moving average of $143.41. The company has a market cap of $16.07 billion, a P/E ratio of 56.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Thursday, November 20th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio is 52.89%.

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.