Jacobs Solutions Inc. $J Stock Acquired by Demars Financial Group LLC

Demars Financial Group LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J – Free Report) by 8.9% in the third quarter, HoldingsChannel reports. The firm owned 46,849 shares of the company’s stock after purchasing an additional 3,842 shares during the period. Jacobs Solutions makes up about 1.7% of Demars Financial Group LLC’s investment portfolio, making the stock its 10th biggest holding. Demars Financial Group LLC’s holdings in Jacobs Solutions were worth $6,337,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Jacobs Solutions in the second quarter valued at approximately $1,372,610,000. Primecap Management Co. CA bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $575,291,000. Bank of America Corp DE bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $208,318,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $118,783,000. Finally, Deutsche Bank AG acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $83,490,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $146.29 on Friday. The business has a 50-day simple moving average of $143.17 and a 200 day simple moving average of $132.48. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.79 and a beta of 0.72.

Jacobs Solutions (NYSE:J – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, research analysts anticipate that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Jacobs Solutions

Jacobs Solutions Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J – Free Report).

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.