Sun Sep 15 16:01:10 UTC 2024: ## Jacobs Solutions Sees Increased Institutional Interest and Analyst Optimism

**New York, NY – September 15, 2024** – Jacobs Solutions Inc. (NYSE:J) is seeing growing interest from institutional investors, with multiple firms increasing their holdings in the company’s stock during recent quarters.

CoreCap Advisors LLC, for example, purchased a new stake in Jacobs Solutions valued at approximately $313,000 in the second quarter, acquiring 2,241 shares. Other notable investors include PNC Financial Services Group Inc., State Board of Administration of Florida Retirement System, Tower Research Capital LLC TRC, Armstrong Henry H Associates Inc., and Russell Investments Group Ltd., all of whom have increased their positions in the company’s stock.

This institutional investor interest comes alongside positive sentiment from analysts. Robert W. Baird, Royal Bank of Canada, UBS Group, and Truist Financial have all recently issued reports on Jacobs Solutions, with several raising their price targets and maintaining “buy” or “outperform” ratings. StockNews.com, however, lowered its rating from “strong-buy” to “buy.” Overall, analysts remain optimistic about the company’s future, with an average rating of “Moderate Buy” and an average target price of $160.40.

Despite this positive outlook, some insiders have recently sold shares. EVP Shelette M. Gustafson and Director Christopher M.T. Thompson both sold stock in separate transactions. However, insider ownership remains at 1.00% of the company’s stock, suggesting continued confidence in the company’s direction.

Jacobs Solutions last reported quarterly earnings on August 6th, hitting consensus estimates with $1.96 EPS and revenue of $4.23 billion. The company also declared a quarterly dividend of $0.29, payable on August 23rd.

**About Jacobs Solutions Inc.**

Jacobs Solutions Inc. provides consulting, technical, engineering, scientific, and project delivery services to government and private sectors worldwide. The company operates through four segments: Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting.

**Disclaimer:** This news article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial professional before making any investment decisions.

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