CIBC Asset Management Inc Increases Stake in Jacobs Solutions Inc. $J

CIBC Asset Management Inc raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 40.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,270 shares of the company’s stock after buying an additional 10,710 shares during the period. CIBC Asset Management Inc’s holdings in Jacobs Solutions were worth $4,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vident Advisory LLC increased its holdings in Jacobs Solutions by 0.8% during the second quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after buying an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC boosted its position 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 worth $820,000 after purchasing an additional 81 shares during the period. Compound Planning Inc. boosted its position in shares of Jacobs Solutions by 3.8% in the third quarter. Compound Planning Inc. now owns 2,250 shares of the company’s stock worth $337,000 after purchasing an additional 83 shares during the period. Parallel Advisors LLC boosted its position in shares of 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 boosted its position in shares of 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 owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $122.69 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a fifty day moving average price of $122.82 and a 200 day moving average price of $131.66. 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 market cap of $14.49 billion, a price-to-earnings ratio of 38.10, a P/E/G ratio of 1.19 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Jacobs Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 22nd will be given a dividend of $0.36 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Jacobs Solutions’s dividend payout ratio is currently 44.72%.

Insiders Place Their Bets

In related news, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez bought 403 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $121.93 per share, with a total value of $49,137.79. Following the transaction, the director owned 12,251 shares of the company’s stock, valued at $1,493,764.43. The trade was a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. KeyCorp dropped 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. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Weiss Ratings lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.40.

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.