Wedbush Securities Inc. Sells 3,546 Shares of Jacobs Solutions Inc. $J

Wedbush Securities Inc. trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 65.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,838 shares of the company’s stock after selling 3,546 shares during the period. Wedbush Securities Inc.’s holdings in Jacobs Solutions were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its holdings in shares of Jacobs Solutions by 0.6% in the third quarter. Yousif Capital Management LLC now owns 12,724 shares of the company’s stock valued at $1,721,000 after purchasing an additional 77 shares during the period. Patrick M Sweeney & Associates Inc. lifted its holdings in shares of Jacobs Solutions by 3.8% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 3,137 shares of the company’s stock worth $424,000 after purchasing an additional 115 shares during the period. Demars Financial Group LLC lifted its holdings in shares of Jacobs Solutions by 8.9% during the third quarter. Demars Financial Group LLC now owns 46,849 shares of the company’s stock worth $6,337,000 after purchasing an additional 3,842 shares during the period. NBT Bank N.A. acquired a new stake in shares of Jacobs Solutions during the third quarter worth about $457,000. Finally, Root Financial Partners LLC purchased a new stake in Jacobs Solutions in the third quarter valued at approximately $131,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred 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 sale, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on J. Citigroup upped their price objective on shares of Jacobs Solutions from $181.00 to $188.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Truist Financial reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Royal Bank Of Canada upped their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Hold” and an average target price of $156.78.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $152.46 on Friday. The business’s 50 day moving average price is $143.54 and its 200-day moving average price is $133.82. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $160.87. 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 $18.00 billion, a PE ratio of 21.97, a P/E/G ratio of 1.89 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share 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 analysts’ expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.24 earnings per share for the current fiscal year.

About Jacobs Solutions

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.