Cibc World Market Inc. Buys New Shares in Jacobs Solutions Inc. $J

Key Points

• CIBC World Market purchased 15,200 shares of Jacobs Solutions during the second quarter, valued at approximately $1.915 million. Institutional investors collectively own 85.65% of the company.
• Analysts maintain a generally positive outlook, with six Buy and six Hold ratings. Jacobs has a “Moderate Buy” consensus rating and an average price target of $153.70.
• Jacobs exceeded quarterly expectations, reporting $1.84 in adjusted EPS and $2.42 billion in revenue, with revenue up 8.3% year over year. The company also declared a $0.36 quarterly dividend, equivalent to a 0.9% yield.

Cibc World Market Inc. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,200 shares of the company's stock, valued at approximately $1,915,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its position in shares of Jacobs Solutions by 0.8% in the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company's stock worth $1,287,000 after acquiring an additional 75 shares during the period. Gratus Wealth Advisors LLC raised its stake in shares of Jacobs Solutions by 1.3% in the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company's stock valued at $820,000 after purchasing an additional 81 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Jacobs Solutions by 0.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company's stock valued at $1,585,000 after purchasing an additional 81 shares in the last quarter. Parallel Advisors LLC lifted its position in Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company's stock worth $137,000 after purchasing an additional 86 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company's stock worth $661,000 after purchasing an additional 93 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

J has been the topic of several analyst reports. Citigroup boosted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Truist Financial reduced their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a report on Thursday, July 2nd. KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. UBS Group increased their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Stock Up 0.6%

Jacobs Solutions stock opened at $151.70 on Thursday. The company has a market capitalization of $17.91 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a 50 day moving average price of $134.82 and a 200 day moving average price of $130.10.

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

Jacobs Solutions Dividend Announcement

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

Insider Transactions at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by corporate insiders.

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.

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