Kingsview Wealth Management LLC Acquires Shares of 5,443 Jacobs Solutions Inc. $J

Kingsview Wealth Management LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,443 shares of the company’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. acquired a new stake in Jacobs Solutions during the second quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions during the 3rd quarter worth $33,000. International Assets Investment Management LLC bought a new position in Jacobs Solutions during the 4th quarter worth $38,000. Finally, Compass Financial Management LLC acquired a new position in Jacobs Solutions in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the subject of a number of recent analyst reports. Truist Financial cut their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group increased their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $153.70.

Jacobs Solutions Stock Up 0.1%

NYSE J opened at $152.17 on Monday. The business has a fifty day moving average price of $136.03 and a two-hundred day moving average price of $130.12. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. 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 capitalization of $17.97 billion, a PE ratio of 53.96, a PEG ratio of 1.47 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last issued 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. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company posted $1.62 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s payout ratio is currently 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated 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 completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently 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.