Jacobs Solutions Inc. $J Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management reduced its Jacobs Solutions stake by 21.6% in the second quarter, selling 62,565 shares and retaining 227,076 shares valued at approximately $28.6 million. Institutional investors collectively own 85.65% of the company.
• Jacobs Solutions 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 maintained fiscal 2026 EPS guidance of $7.20–$7.30.
• The company declared a quarterly dividend of $0.36 per share, equal to a $1.44 annualized payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $153.70.

Cidel Asset Management Inc. cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 21.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,076 shares of the company's stock after selling 62,565 shares during the period. Jacobs Solutions makes up about 1.4% of Cidel Asset Management Inc.'s holdings, making the stock its 21st biggest position. Cidel Asset Management Inc. owned 0.19% of Jacobs Solutions worth $28,612,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of J. Corient Private Wealth LP purchased a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $5,225,000. Northwestern Mutual Wealth Management Co. grew its position in Jacobs Solutions by 737.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company's stock worth $21,086,000 after purchasing an additional 140,179 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in Jacobs Solutions during the 4th quarter worth approximately $3,312,000. Goldman Sachs Group Inc. raised its stake in Jacobs Solutions by 24.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company's stock valued at $112,962,000 after purchasing an additional 169,059 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Jacobs Solutions by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 589,516 shares of the company's stock valued at $78,087,000 after purchasing an additional 12,620 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the company'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 sale, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

J stock opened at $144.40 on Wednesday. The firm has a 50 day moving average of $139.33 and a two-hundred day moving average of $130.54. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 51.20, a P/E/G ratio of 2.12 and a beta of 0.70. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

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

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions's payout ratio is currently 51.06%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Royal Bank Of Canada upped their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. UBS Group raised their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Truist Financial lowered their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a research report on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $153.70.

About Jacobs Solutions

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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