First Bank & Trust Acquires Shares of 1,699 Jacobs Solutions Inc. (NYSE:J)

First Bank & Trust bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,699 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Jacobs Solutions by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after buying an additional 2,836 shares in the last quarter. AGF Management Ltd. boosted its stake in Jacobs Solutions by 1.5% during the 4th quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock worth $157,947,000 after purchasing an additional 18,484 shares during the period. Tower Research Capital LLC TRC boosted its stake in Jacobs Solutions by 90.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after purchasing an additional 8,848 shares during the period. Federated Hermes Inc. boosted its stake in Jacobs Solutions by 76.0% during the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock worth $4,429,000 after purchasing an additional 14,740 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Jacobs Solutions by 62.7% during the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after purchasing an additional 23,509 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $139.71 on Friday. The company has a 50-day simple moving average of $140.39 and a 200-day simple moving average of $140.43. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.49 billion, a PE ratio of 26.97, a P/E/G ratio of 1.61 and a beta of 0.73. Jacobs Solutions Inc. has a 52-week low of $116.00 and a 52-week high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last three months, insiders sold 24,000 shares of company stock worth $3,503,195. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Citigroup raised their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Argus raised their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $156.82.

Jacobs Solutions 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.