Jacobs Solutions Inc. $J Stake Cut by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,700 shares of the company’s stock after selling 7,800 shares during the quarter. Jacobs Solutions comprises 1.2% of Hennessy Advisors Inc.’s holdings, making the stock its 19th largest holding. Hennessy Advisors Inc. owned approximately 0.21% of Jacobs Solutions worth $32,830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in Jacobs Solutions in the second quarter valued at $5,225,000. Amundi grew its position in Jacobs Solutions by 4.0% during the second quarter. Amundi now owns 883,673 shares of the company’s stock worth $111,328,000 after buying an additional 34,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Jacobs Solutions in the 2nd quarter valued at approximately $37,046,000. Ancora Advisors LLC boosted its position in shares of Jacobs Solutions by 34.9% in the 2nd quarter. Ancora Advisors LLC now owns 31,427 shares of the company’s stock worth $3,960,000 after buying an additional 8,130 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Jacobs Solutions by 59.8% during the 1st quarter. NewEdge Advisors LLC now owns 44,267 shares of the company’s stock worth $5,634,000 after purchasing an additional 16,571 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $154.40 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The firm has a 50-day simple moving average of $143.66 and a 200 day simple moving average of $133.90. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $159.34. The company has a market cap of $18.23 billion, a PE ratio of 54.75, a P/E/G ratio of 1.94 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s revenue 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. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.24 EPS for the current year.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction 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 SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on J. Citigroup lifted their price target on shares of Jacobs Solutions from $181.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. KeyCorp reduced their price objective on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, UBS Group lifted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.78.

Jacobs Solutions Profile

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.