Jacobs Solutions slides as analyst downgrade and GAAP loss narrative outweigh upbeat adjusted results

Jacobs Solutions Inc. (J) is down 7.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a negative reaction to a GAAP loss driven by deal-related costs, alongside at least one notable analyst downgrade hitting sentiment after the earnings release. Even though adjusted results and backlog looked solid and management raised full-year targets, investors may be repricing the stock on near-term profitability and integration-risk headlines.

Details:

Jacobs reported fiscal Q2 2026 results that included a GAAP net loss from continuing operations (GAAP EPS of -$0.32), despite reporting stronger adjusted performance metrics.

The company tied the GAAP loss largely to transaction-related and integration costs connected to acquiring the remaining stake in PA Consulting, plus related compensation items.

Jacobs highlighted record backlog and raised its FY2026 adjusted guidance ranges (including adjusted EPS), which can still be overshadowed in the short term by headline GAAP losses.

Shares also faced pressure after an analyst downgrade circulated in the market, adding a near-term sentiment headwind.

Sources:

Jacobs Investor Relations, SEC filings, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$J Insider Trading Activity

$J insiders have traded $J stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $J stock by insiders over the last 6 months:

PETER J ROBERTSON purchased 1,000 shares for an estimated $134,760
VENKATESH NATHAMUNI (Chief Financial Officer) purchased 750 shares for an estimated $101,332
MANUEL J FERNANDEZ purchased 763 shares for an estimated $99,785

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$J Hedge Fund Activity

We have seen 400 institutional investors add shares of $J stock to their portfolio, and 424 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,741,120 shares (-69.2%) from their portfolio in Q4 2025, for an estimated $230,628,755
LAZARD ASSET MANAGEMENT LLC removed 1,617,359 shares (-52.2%) from their portfolio in Q4 2025, for an estimated $214,235,373
FOCUS PARTNERS WEALTH added 952,151 shares (+246.3%) to their portfolio in Q4 2025, for an estimated $126,121,921
THIRD POINT LLC removed 915,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $121,200,900
KOVITZ INVESTMENT GROUP PARTNERS, LLC removed 901,284 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $119,384,078
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 733,730 shares (-30.7%) from their portfolio in Q1 2026, for an estimated $93,389,154
BOSTON PARTNERS removed 592,503 shares (-19.5%) from their portfolio in Q4 2025, for an estimated $78,482,947

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$J Analyst Ratings

Wall Street analysts have issued reports on $J in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 11/24/2025
RBC Capital issued a "Outperform" rating on 11/21/2025
Citigroup issued a "Buy" rating on 11/21/2025

To track analyst ratings and price targets for $J, check out Quiver Quantitative's $J forecast page.

$J Price Targets

Multiple analysts have issued price targets for $J recently. We have seen 8 analysts offer price targets for $J in the last 6 months, with a median target of $151.0.

Here are some recent targets:

Sangita Jain from Keybanc set a target price of $150.0 on 05/06/2026
Andrew Wittmann from Baird set a target price of $126.0 on 04/13/2026
Jerry Revich from Wells Fargo set a target price of $137.0 on 01/23/2026
Adam Bubes from Goldman Sachs set a target price of $158.0 on 11/24/2025
Michael Feniger from B of A Securities set a target price of $141.0 on 11/21/2025
Sabahat Khan from RBC Capital set a target price of $156.0 on 11/21/2025
Jamie Cook from Truist Securities set a target price of $152.0 on 11/21/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.