RWA Wealth Partners LLC Purchases New Position in Jacobs Solutions Inc. $J

RWA Wealth Partners LLC purchased a new position in Jacobs Solutions Inc. (NYSE:J) in the third quarter, HoldingsChannel reports. The fund purchased 35,381 shares of the company’s stock, valued at approximately $5,302,000.

Several other institutional investors and hedge funds have also bought and sold shares of J. Primecap Management Co. CA grew its holdings in shares of Jacobs Solutions by 2.1% during the 2nd 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 during the period. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 20.4% during the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Invesco Ltd. grew its stake in Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after purchasing an additional 460,283 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Jacobs Solutions by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after purchasing an additional 44,070 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 15.9% in the second 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 in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on J shares. Wall Street Zen cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Wells Fargo & Company lifted their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Truist Financial dropped their price objective 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. Citigroup cut their price objective on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, Royal Bank Of Canada lowered their target price on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $133.47 on Thursday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The firm’s 50-day moving average is $137.60 and its 200 day moving average is $144.35. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33.

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, topping the consensus estimate of $1.52 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, February 20th. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is presently 39.45%.

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.