Jacobs Solutions Inc. (NYSE:J) Stake Reduced by First Financial Bank Trust Division

First Financial Bank Trust Division cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in Jacobs Solutions by 1,162.8% during the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after acquiring an additional 798,125 shares in the last quarter. Select Equity Group L.P. grew its stake in Jacobs Solutions by 12.6% during 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 acquiring an additional 529,557 shares in the last quarter. FIL Ltd purchased a new position in Jacobs Solutions during the 1st quarter valued at about $58,588,000. Epoch Investment Partners Inc. grew 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. grew 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. 84.77% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 0.1 %

Shares of Jacobs Solutions stock opened at $131.18 on Thursday. Jacobs Solutions Inc. has a 12-month low of $106.78 and a 12-month high of $137.61. The stock has a market capitalization of $16.52 billion, a P/E ratio of 22.62, a PEG ratio of 1.77 and a beta of 0.82. The stock has a 50 day moving average price of $129.82 and a two-hundred day moving average price of $120.75. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

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

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, July 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.79%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Credit Suisse Group lowered their price target on Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Citigroup boosted their price target on Jacobs Solutions from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. TD Cowen boosted their price target on Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Robert W. Baird boosted their price target on Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research note on Thursday, August 17th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Insider Transactions at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 6,666 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $122.99, for a total value of $819,851.34. Following the completion of the transaction, the insider now directly owns 587,958 shares in the company, valued at $72,312,954.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on 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 directly owns 249,132 shares in the company, valued at $31,216,239.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $122.99, for a total value of $819,851.34. Following the sale, the insider now owns 587,958 shares in the company, valued at approximately $72,312,954.42. The disclosure for this sale can be found here. Insiders sold a total of 14,832 shares of company stock worth $1,917,844 over the last three months. 1.00% of the stock is currently owned by insiders.

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.