Edgestream Partners L.P. Makes New $1.96 Million Investment in Jacobs Solutions Inc. $J

Edgestream Partners L.P. acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,907 shares of the company’s stock, valued at approximately $1,960,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of J. Primecap Management Co. CA lifted its holdings in shares of Jacobs Solutions by 2.1% in the 2nd quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after purchasing an additional 96,387 shares in the last quarter. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 17.1% during the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock worth $335,095,000 after buying an additional 372,275 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock valued at $326,181,000 after buying an additional 32,043 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock valued at $259,560,000 after buying an additional 108,366 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Jacobs Solutions by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock worth $256,966,000 after acquiring an additional 268,504 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on J. Truist Financial dropped their price target on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a research note on Thursday. Citigroup dropped their target price on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Bank of America decreased their price target on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, Royal Bank Of Canada dropped their price objective on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.90.

Jacobs Solutions Stock Performance

Shares of J opened at $140.00 on Friday. The stock has a 50 day moving average of $150.45 and a 200 day moving average of $142.53. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 57.85, a PEG ratio of 1.53 and a beta of 0.81. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.

Insiders Place Their Bets

In related news, Director Manuel J. Fernandez purchased 763 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $130.78 per share, with a total value of $99,785.14. Following the acquisition, the director owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Venkatesh Nathamuni acquired 750 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the purchase, the chief financial officer owned 20,785 shares of the company’s stock, valued at $2,808,261.35. The trade was a 3.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 2,513 shares of company stock valued at $335,878. Company insiders own 0.38% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.