Edgestream Partners L.P. Invests $1.96 Million in Jacobs Solutions Inc. $J

Edgestream Partners L.P. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, HoldingsChannel reports. The fund purchased 14,907 shares of the company’s stock, valued at approximately $1,960,000.

Other hedge funds have also bought and sold shares of the company. Primecap Management Co. CA lifted its position in shares of Jacobs Solutions by 2.1% during the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after acquiring an additional 96,387 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after purchasing an additional 372,275 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Jacobs Solutions by 1.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock valued at $326,181,000 after purchasing an additional 32,043 shares during the period. Invesco Ltd. lifted its holdings in Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after purchasing an additional 108,366 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Jacobs Solutions by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock worth $256,966,000 after purchasing an additional 268,504 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on J. Baird R W cut Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Royal Bank Of Canada reduced their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Truist Financial lowered their target price on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Bank of America cut their price target on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $146.00 price target (down previously from $161.00) on shares of Jacobs Solutions in a report on Friday, November 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.90.

Jacobs Solutions Trading Down 0.5%

Shares of Jacobs Solutions stock opened at $140.00 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.30 and a quick ratio of 1.30. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The firm has a market cap of $16.62 billion, a PE ratio of 57.85, a PEG ratio of 1.53 and a beta of 0.81. The company has a 50 day simple moving average of $150.45 and a two-hundred day simple moving average of $142.53.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $1.37 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.9%. Jacobs Solutions’s payout ratio is 52.89%.

Insider Transactions at Jacobs Solutions

In other news, CFO Venkatesh Nathamuni acquired 750 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were purchased at an average cost of $135.11 per share, for a total transaction of $101,332.50. Following the transaction, the chief financial officer owned 20,785 shares of the company’s stock, valued at $2,808,261.35. This trade represents a 3.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter J. Robertson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $134,760. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 2,513 shares of company stock worth $335,878. 0.38% of the stock is currently owned by corporate insiders.

Jacobs Solutions 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.