Bank of Nova Scotia Takes $1.17 Million Position in Jacobs Solutions Inc. $J

Key Points

• Bank of Nova Scotia purchased 9,292 shares of Jacobs Solutions in the second quarter, valued at approximately $1.17 million. Institutional investors collectively own 85.65% of the company.
• Jacobs Solutions exceeded quarterly expectations, reporting $1.84 in EPS and $2.42 billion in revenue, with revenue up 8.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.20–$7.30.
• Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $153.70. Jacobs also declared a quarterly dividend of $0.36 per share, equivalent to a 0.9% annualized yield.

Bank of Nova Scotia purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,292 shares of the company's stock, valued at approximately $1,171,000.

Several other institutional investors have also recently bought and sold shares of J. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions during the third quarter valued at $33,000. Keating Financial Advisory Services Inc. bought a new position in Jacobs Solutions in the second quarter valued at about $30,000. International Assets Investment Management LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $38,000. Finally, Compass Financial Management LLC bought a new position in Jacobs Solutions in the second quarter valued at about $43,000. Institutional investors own 85.65% of the company's stock.

Insider Transactions at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on J shares. Wells Fargo & Company dropped their price objective on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Truist Financial reduced their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a research note on Thursday, July 2nd. KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.70.

Jacobs Solutions Stock Performance

J stock opened at $151.70 on Thursday. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.91 billion, a P/E ratio of 53.79, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The business's fifty day moving average is $134.82 and its 200-day moving average is $130.10.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is 51.06%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source