Empowered Funds LLC Buys 9,001 Shares of Jacobs Solutions Inc. $J

Empowered Funds LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 116.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,744 shares of the company’s stock after purchasing an additional 9,001 shares during the period. Empowered Funds LLC’s holdings in Jacobs Solutions were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in J. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions during the 3rd quarter worth approximately $27,000. Wealth Watch Advisors INC acquired a new stake in Jacobs Solutions in the third quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Jacobs Solutions in the fourth quarter valued at approximately $38,000. Torren Management LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $41,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $46,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the topic of a number of recent research reports. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company lowered their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday. Citigroup lifted their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Truist Financial decreased their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Hold” and a consensus target price of $152.22.

Jacobs Solutions Stock Down 0.4%

Jacobs Solutions stock opened at $144.03 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The stock has a market cap of $17.01 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.68. The firm’s 50-day simple moving average is $128.15 and its 200 day simple moving average is $129.19. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.43 and a current ratio of 1.29.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts predict that Jacobs Solutions Inc. will post 7.24 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Manuel J. Fernandez bought 253 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $112.56 per share, with a total value of $28,477.68. Following the completion of the transaction, the director owned 12,504 shares in the company, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Profile

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.