Cibc World Market Inc. Increases Stock Holdings in Jacobs Solutions Inc. $J

Cibc World Market Inc. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 85.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,349 shares of the company’s stock after buying an additional 5,690 shares during the quarter. Cibc World Market Inc.’s holdings in Jacobs Solutions were worth $1,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Jacobs Solutions by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after buying an additional 86,677 shares in the last quarter. Boston Partners lifted its holdings in shares of Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after buying an additional 108,134 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Jacobs Solutions by 9.4% in the third quarter. Bank of America Corp DE now owns 2,070,799 shares of the company’s stock worth $310,330,000 after buying an additional 178,753 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Jacobs Solutions by 15.9% in the third quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company’s stock worth $230,406,000 after buying an additional 210,474 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on J. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Citigroup increased their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company lowered their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.40.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 403 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the purchase, 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. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert V. Pragada purchased 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,257 shares of company stock worth $477,651 over the last three months. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Up 4.7%

J stock opened at $125.57 on Wednesday. The company has a market capitalization of $14.83 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company’s 50 day moving average price is $122.63 and its two-hundred day moving average price is $131.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

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

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

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.