Cidel Asset Management Inc. Decreases Position in Jacobs Solutions Inc. $J

Cidel Asset Management Inc. trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 6.7% in the first quarter, HoldingsChannel.com reports. The firm owned 289,641 shares of the company’s stock after selling 20,830 shares during the quarter. Jacobs Solutions comprises about 2.0% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 14th largest holding. Cidel Asset Management Inc.’s holdings in Jacobs Solutions were worth $36,866,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in J. Empowered Funds LLC grew its position in shares of Jacobs Solutions by 92.3% in the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after buying an additional 3,226 shares during the last quarter. Woodline Partners LP lifted its position in Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock valued at $1,252,000 after acquiring an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Jacobs Solutions in the second quarter valued at $321,000. Baird Financial Group Inc. boosted its stake in Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after acquiring an additional 248 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of Jacobs Solutions by 14.9% during the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,556 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Manuel J. Fernandez purchased 253 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert V. Pragada purchased 3,601 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 4,257 shares of company stock valued at $477,651 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Jacobs Solutions Trading Up 1.7%

NYSE:J opened at $120.72 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The stock’s 50 day simple moving average is $121.76 and its 200-day simple moving average is $130.41. The firm has a market cap of $14.25 billion, a P/E ratio of 37.49, a PEG ratio of 1.15 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, May 22nd were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio is presently 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.