Cidel Asset Management Inc. Sells 62,565 Shares of Jacobs Solutions Inc. $J

Cidel Asset Management Inc. lessened its position in Jacobs Solutions Inc. (NYSE:J) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,076 shares of the company’s stock after selling 62,565 shares during the quarter. Jacobs Solutions comprises about 1.4% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 21st biggest position. Cidel Asset Management Inc.’s holdings in Jacobs Solutions were worth $28,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Jacobs Solutions by 56.0% during the second quarter. IFP Advisors Inc now owns 4,937 shares of the company’s stock valued at $622,000 after acquiring an additional 1,772 shares during the period. Beacon Investment Advisory Services Inc. lifted its position in shares of Jacobs Solutions by 11.9% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 5,370 shares of the company’s stock worth $677,000 after purchasing an additional 571 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Jacobs Solutions by 4.9% during the 2nd quarter. Arizona State Retirement System now owns 33,673 shares of the company’s stock worth $4,243,000 after purchasing an additional 1,578 shares during the last quarter. West Family Investments Inc. bought a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $206,000. Finally, Waverly Advisors LLC boosted its stake in Jacobs Solutions by 2.3% during the 2nd quarter. Waverly Advisors LLC now owns 5,309 shares of the company’s stock valued at $669,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on J. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note 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. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Truist Financial reduced their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Insider Buying and Selling

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Down 1.3%

Shares of J opened at $144.40 on Wednesday. The stock has a fifty day moving average price of $139.33 and a two-hundred day moving average price of $130.54. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The company has a market cap of $17.05 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 2.12 and a beta of 0.70.

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

Jacobs Solutions Dividend Announcement

The company also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 51.06%.

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.