Cibc World Markets Corp Makes New $2.10 Million Investment in Jacobs Solutions Inc. (NYSE:J)

Cibc World Markets Corp purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,213 shares of the company’s stock, valued at approximately $2,104,000.

Several other institutional investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after acquiring an additional 75 shares during the period. Private Trust Co. NA boosted its stake in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares during the period. Souders Financial Advisors boosted its stake in Jacobs Solutions by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after purchasing an additional 96 shares during the period. Pinnacle Financial Partners Inc boosted its stake in Jacobs Solutions by 4.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after purchasing an additional 105 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Jacobs Solutions by 21.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock valued at $88,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the subject of several recent research reports. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird reduced their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 5th. Finally, Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.82.

Jacobs Solutions Stock Up 0.5 %

Shares of NYSE:J opened at $139.06 on Monday. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.60 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a 12-month low of $114.09 and a 12-month high of $154.50. The business’s 50 day moving average is $142.25 and its 200 day moving average is $139.20.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Insider Buying and Selling

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,000 shares of company stock worth $3,503,195. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Company 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.