NewEdge Wealth LLC Takes $428,000 Position in Jacobs Solutions Inc. $J

NewEdge Wealth LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,401 shares of the company’s stock, valued at approximately $428,000.

Several other large investors have also made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $249,000. Compass Wealth Management LLC acquired a new position in Jacobs Solutions during the second quarter valued at approximately $3,551,000. BOK Financial Private Wealth Inc. bought a new stake in Jacobs Solutions during the second quarter worth $346,000. Danske Bank A S bought a new stake in Jacobs Solutions during the second quarter worth $932,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $704,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. UBS Group upped their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. KeyCorp reduced their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Truist Financial decreased their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $149.77 on Friday. 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 company has a market cap of $17.68 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 1.45 and a beta of 0.68. The firm has a 50 day simple moving average of $133.18 and a 200 day simple moving average of $129.91.

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

Jacobs Solutions Announces Dividend

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

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

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.