Bank of Nova Scotia Takes $1.17 Million Position in Jacobs Solutions Inc. $J

Bank of Nova Scotia purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,292 shares of the company’s stock, valued at approximately $1,171,000.

Several other institutional investors have also recently bought and sold shares of J. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions during the third quarter valued at $33,000. Keating Financial Advisory Services Inc. bought a new position in Jacobs Solutions in the second quarter valued at about $30,000. International Assets Investment Management LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $38,000. Finally, Compass Financial Management LLC bought a new position in Jacobs Solutions in the second quarter valued at about $43,000. Institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated 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 transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on J shares. Wells Fargo & Company dropped their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Wall Street Zen raised shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Truist Financial reduced their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. KeyCorp lowered their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Jacobs Solutions Stock Performance

J stock opened at $151.70 on Thursday. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. 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 company has a market cap of $17.91 billion, a P/E ratio of 53.79, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The business’s fifty day moving average is $134.82 and its 200-day moving average is $130.10.

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

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) 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.