First Financial Bank Trust Division Has $363,000 Position in Jacobs Solutions Inc. (NYSE:J)

First Financial Bank Trust Division lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,050 shares of the company’s stock after selling 117 shares during the quarter. First Financial Bank Trust Division’s holdings in Jacobs Solutions were worth $363,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of J. Mackenzie Financial Corp grew its position in Jacobs Solutions by 1,162.8% in the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after purchasing an additional 798,125 shares during the period. Select Equity Group L.P. grew its position in Jacobs Solutions by 12.6% in the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after purchasing an additional 529,557 shares during the period. FIL Ltd bought a new position in Jacobs Solutions during the 1st quarter valued at $58,588,000. Epoch Investment Partners Inc. lifted its stake in Jacobs Solutions by 115.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 817,535 shares of the company’s stock valued at $96,069,000 after acquiring an additional 437,414 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Jacobs Solutions by 44.6% during the 1st quarter. Invesco Ltd. now owns 1,291,182 shares of the company’s stock valued at $177,937,000 after acquiring an additional 398,033 shares in the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $125.30, for a total transaction of $187,950.00. Following the completion of the transaction, the chief financial officer now owns 249,132 shares of the company’s stock, valued at approximately $31,216,239.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $136.52, for a total transaction of $910,042.32. Following the completion of the transaction, the insider now owns 581,292 shares of the company’s stock, valued at approximately $79,357,983.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $125.30, for a total value of $187,950.00. Following the transaction, the chief financial officer now directly owns 249,132 shares of the company’s stock, valued at approximately $31,216,239.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,832 shares of company stock worth $1,917,844. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Down 0.1 %

NYSE J opened at $131.18 on Thursday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.77 and a beta of 0.82. Jacobs Solutions Inc. has a one year low of $106.78 and a one year high of $137.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.46. The business’s fifty day moving average is $129.82 and its 200-day moving average is $120.75.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. Jacobs Solutions had a return on equity of 14.30% and a net margin of 4.65%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the business posted $1.86 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 7.35 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, July 27th. Jacobs Solutions’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

J has been the topic of several recent analyst reports. Royal Bank of Canada raised their price objective on Jacobs Solutions from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. StockNews.com initiated coverage on Jacobs Solutions in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Robert W. Baird raised their price objective on Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. TD Cowen raised their price objective on Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Finally, Citigroup raised their price objective on Jacobs Solutions from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.00.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.