Krilogy Financial LLC Takes $673,000 Position in Jacobs Solutions Inc. $J

Krilogy Financial LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,314 shares of the company’s stock, valued at approximately $673,000.

Several other hedge funds also recently made changes to their positions in the business. Forum Financial Management LP lifted its stake in Jacobs Solutions by 2.0% during the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after purchasing an additional 63 shares during the last quarter. Harfst & Associates Inc. increased its holdings in shares of Jacobs Solutions by 0.5% in the third quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock valued at $1,891,000 after buying an additional 64 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Jacobs Solutions by 3.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after acquiring an additional 66 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after acquiring an additional 70 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock valued at $584,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez bought 763 shares of Jacobs Solutions stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, for a total transaction of $99,785.14. Following the acquisition, the director owned 10,380 shares in the company, valued at $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Robertson purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $134.76 per share, with a total value of $134,760.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $134,760. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 2,513 shares of company stock worth $335,878. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Truist Financial dropped their price target on 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 reduced their price objective on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Stock Performance

Shares of J opened at $132.65 on Friday. The company has a market capitalization of $15.58 billion, a PE ratio of 36.34, a PEG ratio of 1.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50 day moving average price is $137.58 and its 200 day moving average price is $144.77. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio is presently 35.07%.

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.