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Cidel Asset Management Inc. Cuts Holdings in Jacobs Solutions Inc. $J
Cidel Asset Management Inc. reduced its stake in Jacobs Solutions Inc. by 6.2% in the fourth quarter, selling 20,391 shares to own 310,471 shares valued at $41,125,000. Other institutional investors showed varied activity, with some increasing their holdings and others initiating new positions. Jacobs Solutions currently holds a “Moderate Buy” consensus rating from analysts, with a target price of $156.60, and recently increased its quarterly dividend to $0.36 per share.