Elevation Point Wealth Partners LLC Buys New Position in Jacobs Solutions Inc. $J

Elevation Point Wealth Partners LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,202 shares of the company’s stock, valued at approximately $535,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $27,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $33,000. Princeton Global Asset Management LLC acquired a new stake in Jacobs Solutions during the fourth quarter valued at approximately $30,000. Central Pacific Bank Trust Division acquired a new stake in Jacobs Solutions during the fourth quarter valued at approximately $31,000. Finally, International Assets Investment Management LLC bought a new stake in Jacobs Solutions during the fourth quarter worth approximately $38,000. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Manuel J. Fernandez purchased 253 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Down 0.3%

NYSE J opened at $129.91 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. 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 $121.63 and its 200-day simple moving average is $129.65. The company has a market capitalization of $15.34 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on J shares. KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Robert W. Baird cut their price objective on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Citigroup lifted their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.10.

Jacobs Solutions Company 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.