Jacobs Solutions Inc. $J Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lessened its position in Jacobs Solutions Inc. (NYSE:J) by 50.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,273 shares of the company’s stock after selling 6,431 shares during the period. Cim Investment Management Inc.’s holdings in Jacobs Solutions were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of J. Envestnet Asset Management Inc. boosted its holdings in shares of Jacobs Solutions by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after buying an additional 7,072 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Jacobs Solutions by 18.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 79,244 shares of the company’s stock valued at $10,403,000 after acquiring an additional 12,363 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Jacobs Solutions by 40.5% in the 2nd quarter. Prudential Financial Inc. now owns 95,803 shares of the company’s stock valued at $12,593,000 after acquiring an additional 27,626 shares in the last quarter. Ninety One UK Ltd boosted its stake in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares during the period. Finally, Citigroup Inc. boosted its stake in Jacobs Solutions by 34.2% in the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after purchasing an additional 35,380 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.3%

Jacobs Solutions stock opened at $130.45 on Wednesday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The company’s fifty day moving average price is $137.42 and its two-hundred day moving average price is $142.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 1.33 and a beta of 0.78.

Jacobs Solutions (NYSE:J) last announced its quarterly 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 analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be given a $0.36 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 20th. Jacobs Solutions’s payout ratio is 39.45%.

Insider Buying and Selling at Jacobs Solutions

In other news, President Shannon Miller sold 1,440 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares in the company, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on J shares. Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $146.00 target price (down from $161.00) on shares of Jacobs Solutions in a research report on Friday, November 21st. The Goldman Sachs Group began coverage on Jacobs Solutions in a research report on Monday, November 24th. They set a “buy” rating and a $158.00 price target on the stock. Bank of America reduced their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.

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.