Elevation Point Wealth Partners LLC Acquires Shares of 4,215 Jacobs Solutions Inc. $J

Elevation Point Wealth Partners LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,215 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions in the third quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $38,000. Finally, Torren Management LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

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

Jacobs Solutions Trading Down 0.6%

Shares of NYSE:J opened at $150.76 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. 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 business’s 50 day moving average price is $134.24 and its 200-day moving average price is $130.05.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

J has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wells Fargo & Company cut their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup increased their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, KeyCorp dropped their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $153.70.

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.