Fri Sep 20 11:27:22 UTC 2024: ## Institutional Investors Adjust Stakes in Jacobs Solutions

**New York, NY (MarketBeat News)** – J.W. Cole Advisors Inc. reduced its holdings in Jacobs Solutions Inc. (NYSE: J) by 16.5% during the second quarter, according to the company’s most recent Form 13F filing. Other notable institutional investors also made changes to their positions in the engineering and consulting firm.

J.W. Cole Advisors Inc. now owns 1,557 shares of Jacobs Solutions, valued at $218,000. The fund sold 308 shares during the quarter.

EdgeRock Capital LLC initiated a new position in Jacobs Solutions during the second quarter, valued at approximately $26,000. Meanwhile, Bruce G. Allen Investments LLC increased its stake in the company by 427.5%, now owning 211 shares valued at $29,000.

ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the fourth quarter, worth around $30,000. Union Savings Bank also boosted its position in the company by 78.1% during the fourth quarter, now owning 285 shares valued at $37,000. Lastly, Quarry LP grew its holdings in Jacobs Solutions by 108.9% during the fourth quarter, now owning 305 shares worth $40,000.

Overall, 85.65% of Jacobs Solutions stock is currently owned by institutional investors and hedge funds.

**Insider Trading Activity:**

Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock on August 29th at an average price of $150.85, for a total value of $286,313.30. Following the sale, Thompson now owns 42,069 shares of the company’s stock, valued at $6,346,108.65.

SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock on August 16th at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, Allen now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49.

In the past three months, insiders have sold 21,516 shares of company stock valued at $3,132,273. Company insiders own 1.00% of the stock.

**Financial Performance:**

Jacobs Solutions reported earnings per share of $1.96 for the second quarter, meeting analysts’ expectations. Revenue for the quarter came in at $4.23 billion, slightly below analyst estimates of $4.39 billion.

The company also announced a quarterly dividend of $0.29, payable on August 23rd. The ex-dividend date was July 26th.

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

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

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