Proficio Capital Partners LLC Makes New Investment in Jacobs Solutions Inc. $J

Proficio Capital Partners LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,331 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $27,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions in the third quarter valued at approximately $33,000. Keating Financial Advisory Services Inc. bought a new position in Jacobs Solutions in the second quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $38,000. Finally, Compass Financial Management LLC acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $43,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.7%

Shares of Jacobs Solutions stock opened at $150.41 on Friday. The business has a fifty day simple moving average of $135.41 and a two-hundred day simple moving average of $130.11. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 53.34, a P/E/G ratio of 1.46 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29.

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

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Jacobs Solutions’s payout ratio is presently 51.06%.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. Citigroup increased their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. UBS Group boosted their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Truist Financial dropped their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $153.70.

Insider Activity at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

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.