Pallas Capital Advisors LLC Takes Position in Jacobs Solutions Inc. $J

Pallas Capital Advisors LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,896 shares of the company’s stock, valued at approximately $5,153,000.

A number of other hedge funds have also bought and sold shares of J. Deutsche Bank AG bought a new position in Jacobs Solutions in the 2nd quarter valued at $83,490,000. Perigon Wealth Management LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $846,000. Rice Hall James & Associates LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $207,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth about $37,046,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth about $6,966,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $143.63 on Tuesday. The stock has a market cap of $16.96 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day moving average of $131.44 and a 200-day moving average of $129.55.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Buying and Selling

In related news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 is accessible through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on J. Truist Financial decreased their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. KeyCorp reduced their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Jacobs Solutions in a research report on Monday, August 3rd. UBS Group raised their price target 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, Wells Fargo & Company lowered their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

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.