Union Savings Bank Grows Position in Jacobs Solutions Inc. (NYSE:J)

Union Savings Bank grew its position in Jacobs Solutions Inc. (NYSE:J) by 78.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 285 shares of the company’s stock after acquiring an additional 125 shares during the quarter. Union Savings Bank’s holdings in Jacobs Solutions were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of J. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $27,000. First Pacific Financial acquired a new stake in Jacobs Solutions during the fourth quarter worth approximately $27,000. Northwest Financial Advisors purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $39,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at $59,000. Finally, Private Trust Co. NA increased its stake in Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the sale, the insider now directly owns 548,138 shares in the company, valued at $78,855,132.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the sale, the insider now owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the sale, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The disclosure for this sale can be found here. In the last three months, insiders sold 22,486 shares of company stock valued at $3,344,599. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Up 1.1 %

J stock traded up $1.52 during mid-day trading on Thursday, hitting $139.10. 108,357 shares of the company were exchanged, compared to its average volume of 643,428. The company has a market capitalization of $17.42 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.74. The firm has a fifty day simple moving average of $145.23 and a 200 day simple moving average of $138.71. 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 $109.00 and a twelve month high of $154.50.

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

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is currently 22.39%.

Analyst Ratings Changes

Several research analysts have recently weighed in on J shares. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Robert W. Baird decreased their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Bank of America increased their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.