Cim Investment Management Inc. Raises Position in Jacobs Solutions Inc. $J

Cim Investment Management Inc. lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 99.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,704 shares of the company’s stock after buying an additional 6,340 shares during the quarter. Cim Investment Management Inc.’s holdings in Jacobs Solutions were worth $1,684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ingalls & Snyder LLC acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $558,000. Atlantic Union Bankshares Corp boosted its stake in shares of Jacobs Solutions by 409.3% in the second quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock valued at $1,645,000 after purchasing an additional 10,057 shares during the period. FORA Capital LLC purchased a new position in shares of Jacobs Solutions in the first quarter valued at $1,986,000. Focus Partners Advisor Solutions LLC grew its holdings in Jacobs Solutions by 90.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in Jacobs Solutions by 1,399.5% during the 2nd quarter. OLD National Bancorp IN now owns 29,811 shares of the company’s stock worth $3,919,000 after buying an additional 27,823 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.8%

Shares of NYSE J opened at $135.66 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $148.94 and its two-hundred day moving average price is $142.98. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $168.44. The stock has a market capitalization of $16.11 billion, a P/E ratio of 56.06, a PEG ratio of 1.47 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio is 52.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group started coverage on shares of Jacobs Solutions in a research report on Monday, November 24th. They issued a “buy” rating and a $158.00 price objective for the company. Barclays increased their price target on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company dropped their price objective on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Wall Street Zen raised Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jacobs Solutions in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.90.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 763 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $130.78 per share, for a total transaction of $99,785.14. Following the transaction, the director owned 10,380 shares in the company, valued at $1,357,496.40. This represents a 7.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter J. Robertson acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $134.76 per share, with a total value of $134,760.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $134,760. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 2,513 shares of company stock valued at $335,878. Company insiders own 0.38% of the company’s stock.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.