Cibc World Market Inc. Purchases 5,690 Shares of Jacobs Solutions Inc. $J

Cibc World Market Inc. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,349 shares of the company’s stock after acquiring 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 reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Jacobs Solutions by 40.3% in the 4th quarter. CIBC Asset Management Inc now owns 37,270 shares of the company’s stock worth $4,937,000 after acquiring an additional 10,710 shares in the last quarter. Dover Advisors LLC grew its stake in shares of Jacobs Solutions by 3.6% in the 4th quarter. Dover Advisors LLC now owns 7,171 shares of the company’s stock worth $950,000 after acquiring an additional 250 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after acquiring an additional 169,059 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Jacobs Solutions by 2.2% in the 4th quarter. Natixis Advisors LLC now owns 672,781 shares of the company’s stock worth $89,117,000 after acquiring an additional 14,642 shares in the last quarter. Finally, Strategic Advisors LLC grew its stake in shares of Jacobs Solutions by 15.6% in the 4th quarter. Strategic Advisors LLC now owns 17,537 shares of the company’s stock worth $2,323,000 after acquiring an additional 2,364 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on J. Citigroup upped their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company cut 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. Robert W. Baird cut 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. Weiss Ratings downgraded shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, KeyCorp cut their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.40.

Insider Activity

In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez acquired 253 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the acquisition, the director owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 4,257 shares of company stock worth $477,651. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $125.57 on Wednesday. The company has a market capitalization of $14.83 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. 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 company’s 50-day moving average is $122.63 and its 200 day moving average is $131.17.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. The business 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be issued 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 yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 44.72%.

Jacobs Solutions 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.