Jacobs Solutions Inc. (NYSE:J) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lessened its position in Jacobs Solutions Inc. (NYSE:J) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,480 shares of the company’s stock after selling 70 shares during the period. Raymond James Trust N.A.’s holdings in Jacobs Solutions were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the second quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions in the fourth quarter valued at approximately $27,000. Bruce G. Allen Investments LLC grew its holdings in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the fourth quarter valued at approximately $30,000. Finally, Union Savings Bank grew its holdings in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Truist Financial reiterated a “hold” rating and set a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.40.

Jacobs Solutions Price Performance

Shares of J stock opened at $149.44 on Thursday. The company has a market capitalization of $18.71 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The firm has a fifty day simple moving average of $143.74 and a 200-day simple moving average of $144.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.78%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The disclosure for this sale can be found here. Insiders have sold 22,451 shares of company stock valued at $3,196,336 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.