Cidel Asset Management Inc. Increases Position in Jacobs Solutions Inc. $J

Key Points

• Cidel Asset Management Inc. increased its holdings in Jacobs Solutions Inc. by 2.3%, acquiring an additional 7,337 shares, bringing its total to 331,662 shares, which accounts for 2.6% of Cidel's investment portfolio.
• Analysts have raised their price targets for Jacobs Solutions, with Truist Financial setting a new target of $163 and Citigroup increasing theirs to $166, reflecting a generally positive sentiment on the stock.
• Jacobs Solutions reported a quarterly earnings per share (EPS) of $1.62, beating consensus estimates, despite a year-over-year revenue decline of 28.4%.

Cidel Asset Management Inc. lifted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,662 shares of the company's stock after purchasing an additional 7,337 shares during the quarter. Jacobs Solutions accounts for approximately 2.6% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 8th biggest holding. Cidel Asset Management Inc. owned 0.28% of Jacobs Solutions worth $43,597,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Fulton Bank N.A. lifted its position in shares of Jacobs Solutions by 0.9% in the second quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock worth $1,127,000 after purchasing an additional 74 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Jacobs Solutions by 8.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after purchasing an additional 78 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after purchasing an additional 87 shares in the last quarter. Tlwm lifted its position in shares of Jacobs Solutions by 1.7% in the first quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after purchasing an additional 105 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Truist Financial boosted their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. UBS Group upped their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.71.

Jacobs Solutions Price Performance

NYSE:J opened at $155.37 on Friday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $161.99. The company has a market cap of $18.57 billion, a P/E ratio of 38.75, a P/E/G ratio of 1.83 and a beta of 0.81. The firm's fifty day moving average price is $149.42 and its two-hundred day moving average price is $135.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The company's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's payout ratio is currently 31.92%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

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