Cibc World Market Inc. Invests $1.92 Million in Jacobs Solutions Inc. $J

Cibc World Market Inc. bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,200 shares of the company’s stock, valued at approximately $1,915,000.

Several other institutional investors have also recently added to or reduced their stakes in J. Measured Wealth Private Client Group LLC purchased a new position in Jacobs Solutions in the third quarter valued at approximately $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $33,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $38,000. Finally, Compass Financial Management LLC acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the firm’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 transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $151.70 on Thursday. The firm’s fifty day simple moving average is $134.82 and its 200-day simple moving average is $130.10. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 1.45 and a beta of 0.68. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping 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 firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business earned $1.62 EPS. Jacobs Solutions’s quarterly 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. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio is 51.06%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on J shares. UBS Group increased their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. 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. Wells Fargo & Company decreased their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. KeyCorp dropped their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their target price on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.70.

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.