Bank of Nova Scotia Makes New $1.17 Million Investment in Jacobs Solutions Inc. $J

Bank of Nova Scotia purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, HoldingsChannel reports. The fund purchased 9,292 shares of the company’s stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds also recently made changes to their positions in J. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after purchasing an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new stake in shares of Jacobs Solutions in the fourth quarter worth $2,161,000. Crossmark Global Holdings Inc. boosted its holdings in Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after purchasing an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in Jacobs Solutions in the fourth quarter valued at $3,312,000. Finally, Goldman Sachs Group Inc. grew its position in Jacobs Solutions by 24.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after purchasing an additional 169,059 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on J. KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Truist Financial lowered their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $151.70 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average price is $134.82 and its two-hundred day moving average price is $130.10. The company has a market cap of $17.91 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

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

Jacobs Solutions Dividend Announcement

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