Kovitz Investment Group Partners LLC Decreases Holdings in Jacobs Solutions Inc. $J

Kovitz Investment Group Partners LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 22.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 901,284 shares of the company’s stock after selling 256,230 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Jacobs Solutions were worth $135,067,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its position in shares of Jacobs Solutions by 2.0% during the 3rd quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after acquiring an additional 63 shares during the period. Harfst & Associates Inc. raised its holdings in shares of Jacobs Solutions by 0.5% in the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after purchasing an additional 64 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Jacobs Solutions by 3.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after purchasing an additional 66 shares during the last quarter. Blue Trust Inc. grew its holdings in Jacobs Solutions by 11.2% during the third quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after purchasing an additional 70 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Jacobs Solutions by 1.6% during the second quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock valued at $584,000 after purchasing an additional 71 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, CFO Venkatesh Nathamuni purchased 750 shares of the business’s stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $135.11 per share, with a total value of $101,332.50. Following the acquisition, the chief financial officer directly owned 20,785 shares in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez purchased 763 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were purchased 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 represents a 7.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,513 shares of company stock valued at $335,878 in the last three months. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Citigroup cut their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Royal Bank Of Canada reduced their target price on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Jacobs Solutions in a research note on Monday, November 24th. They set a “buy” rating and a $158.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Stock Down 1.1%

Shares of NYSE J opened at $137.76 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The company has a market cap of $16.18 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.43 and a beta of 0.80. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The business has a 50-day simple moving average of $137.64 and a two-hundred day simple moving average of $144.64.

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

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a $0.36 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.0%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio is currently 35.07%.

About Jacobs Solutions

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.