Harfst & Associates Inc. Grows Position in Jacobs Solutions Inc. $J

Harfst & Associates Inc. grew its position in Jacobs Solutions Inc. (NYSE:J) by 134.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,552 shares of the company’s stock after purchasing an additional 7,193 shares during the period. Harfst & Associates Inc.’s holdings in Jacobs Solutions were worth $1,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Ingalls & Snyder LLC purchased a new position in Jacobs Solutions in the second quarter valued at about $558,000. FORA Capital LLC bought a new position in Jacobs Solutions during the first quarter worth $1,986,000. Atlantic Union Bankshares Corp boosted its holdings in Jacobs Solutions by 409.3% in the second quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after purchasing an additional 10,057 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Jacobs Solutions by 1,399.5% during the second quarter. OLD National Bancorp IN now owns 29,811 shares of the company’s stock worth $3,919,000 after purchasing an additional 27,823 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Peter J. Robertson bought 1,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $134.76 per share, with a total value of $134,760.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $134,760. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Venkatesh Nathamuni acquired 750 shares of the stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the completion of the transaction, the chief financial officer owned 20,785 shares in the company, valued at approximately $2,808,261.35. This represents a 3.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 2,513 shares of company stock worth $335,878 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $135.77 on Thursday. The company has a market capitalization of $16.23 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a fifty day moving average of $152.07 and a 200-day moving average of $142.19. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Jacobs Solutions’s revenue for the quarter was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio is currently 52.89%.

Analysts Set New Price Targets

A number of equities analysts have commented on J shares. Truist Financial decreased their target price on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. The Goldman Sachs Group assumed coverage on Jacobs Solutions in a research report on Monday. They set a “buy” rating and a $158.00 price objective for the company. UBS Group increased their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays boosted their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup decreased their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.90.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.