Bank of Nova Scotia Purchases 108,158 Shares of Jacobs Solutions Inc. $J

Bank of Nova Scotia raised its position in Jacobs Solutions Inc. (NYSE:J) by 360.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,177 shares of the company’s stock after buying an additional 108,158 shares during the period. Bank of Nova Scotia owned 0.12% of Jacobs Solutions worth $20,707,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in shares of Jacobs Solutions by 2.0% in the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after acquiring an additional 63 shares during the last quarter. Harfst & Associates Inc. grew its position in Jacobs Solutions by 0.5% during the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after acquiring an additional 64 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Jacobs Solutions by 3.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock valued at $337,000 after purchasing an additional 66 shares in the last quarter. Blue Trust Inc. increased its holdings in Jacobs Solutions by 11.2% during the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock valued at $104,000 after purchasing an additional 70 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in Jacobs Solutions by 1.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,421 shares of the company’s stock valued at $1,112,000 after purchasing an additional 73 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 0.7%

Shares of J opened at $128.94 on Tuesday. The business’s fifty day moving average price is $137.56 and its two-hundred day moving average price is $143.09. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.32 and a beta of 0.78. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.33 and a current ratio of 1.33.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.1%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is presently 39.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on J shares. Wells Fargo & Company boosted their price objective on Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Truist Financial lowered their target price on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Bank of America cut their price target on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Citigroup reduced their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.60.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the transaction, the president directly owned 25,344 shares in the company, valued at approximately $3,399,390.72. This represents a 5.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

About Jacobs Solutions

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.