Wealthfront Advisers LLC Buys 6,065 Shares of Jacobs Solutions Inc. $J

Wealthfront Advisers LLC grew its stake in Jacobs Solutions Inc. (NYSE:J) by 111.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,488 shares of the company’s stock after buying an additional 6,065 shares during the period. Wealthfront Advisers LLC’s holdings in Jacobs Solutions were worth $1,722,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ingalls & Snyder LLC bought a new stake in Jacobs Solutions in the second quarter valued at about $558,000. Atlantic Union Bankshares Corp boosted its holdings in Jacobs Solutions by 409.3% during the second 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 grew its stake in shares of Jacobs Solutions by 90.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after buying an additional 7,072 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Jacobs Solutions by 125.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 10,520 shares of the company’s stock worth $1,383,000 after buying an additional 5,863 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price target on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Citigroup cut their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Truist Financial dropped their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.60.

Insider Buying and Selling

In related news, CFO Venkatesh Nathamuni bought 750 shares of Jacobs Solutions stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the completion of the acquisition, the chief financial officer owned 20,785 shares in the company, valued at approximately $2,808,261.35. This represents a 3.74% increase in their ownership of the stock. The transaction 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 the firm’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $130.78 per share, with a total value of $99,785.14. Following the completion of the transaction, the director directly owned 10,380 shares in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 2,513 shares of company stock valued at $335,878 over the last three months. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $132.65 on Friday. The company has a 50 day moving average price of $137.58 and a 200 day moving average price of $144.79. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $15.58 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 20th. Jacobs Solutions’s payout ratio is presently 39.45%.

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.