Occidental Asset Management LLC Takes Position in Jacobs Solutions Inc. $J

Occidental Asset Management LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,914 shares of the company’s stock, valued at approximately $4,399,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Measured Wealth Private Client Group LLC bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at about $27,000. Wealth Watch Advisors INC bought a new stake in Jacobs Solutions in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC acquired a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $38,000. Torren Management LLC acquired a new position in Jacobs Solutions during the 4th quarter worth $41,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Jacobs Solutions in the fourth quarter worth $46,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jacobs Solutions

In related 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 completion of the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on J. KeyCorp cut their price objective on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Jacobs Solutions in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, UBS Group raised their target price 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions Trading Down 0.7%

NYSE J opened at $143.63 on Tuesday. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The firm’s fifty day simple moving average is $131.44 and its 200-day simple moving average is $129.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $16.96 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion during 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 firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

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.