Jacobs Solutions Inc [NYSE:J] has elicited significant interest both from institutional shareholders, who own a notable 87% of the company, and wealth management firms, which have significantly invested in or reduced their holdings in the company. The stakes held by institutions like
Wealthspire Advisors, Envestnet Portfolio Solutions, Duality Advisers and Central Pacific Bank Trust underscore the company's appeal. Insiders at Jacobs sold US$1.8m in stock, potentially suggesting hesitancy. However, the company's Q2 2024 performance exceeded earnings and revenue expectations. An increased stake by entities such as
Private Advisor Group LLC, Coronation Fund Managers Ltd., and First Trust Direct Indexing L.P. reinforce its continual growth. Despite insider sales, the company's stock continually outperformed competitors and strong quarterly dividends make it a promising prospect. Notable purchases were made by entities like
SG Americas and Sumitomo Mitsui Trust Holdings, illustrating confidence in the stock.
Jacobs Solutions presents value for long-term investors, despite occasional drops and beneficial divestment practices such as spin-offs are in the pipeline. The firm's short interest increased by 5.1% in June and its broad consensus among brokerages is
'Moderate Buy'.
Jacobs Solutions received a significant contract from United Utilities, boosting its future prospects.
Jacobs Solutions Stocks News Analytics from Fri, 07 Mar 2014 08:00:00 GMT to Sun, 14 Jul 2024 18:43:56 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
