First Bank & Trust Invests $261,000 in Jacobs Solutions Inc. (NYSE:J)

First Bank & Trust bought a new position in Jacobs Solutions Inc. (NYSE:J) in the 1st quarter, HoldingsChannel.com reports. The firm bought 1,699 shares of the company’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of J. Kestra Advisory Services LLC lifted its position in Jacobs Solutions by 53.3% in the third quarter. Kestra Advisory Services LLC now owns 3,201 shares of the company’s stock worth $437,000 after purchasing an additional 1,113 shares during the period. FMR LLC lifted its holdings in shares of Jacobs Solutions by 1.9% during the third quarter. FMR LLC now owns 66,592 shares of the company’s stock valued at $9,090,000 after acquiring an additional 1,241 shares during the period. LPL Financial LLC lifted its holdings in shares of Jacobs Solutions by 40.4% during the third quarter. LPL Financial LLC now owns 47,739 shares of the company’s stock valued at $6,516,000 after acquiring an additional 13,730 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Jacobs Solutions by 42.2% during the third quarter. Federated Hermes Inc. now owns 19,382 shares of the company’s stock valued at $2,646,000 after acquiring an additional 5,756 shares during the period. Finally, Vinva Investment Management Ltd bought a new position in shares of Jacobs Solutions during the third quarter valued at $395,000. 85.65% of the stock is owned by institutional investors.

Insider Transactions at Jacobs Solutions

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

Jacobs Solutions Price Performance

Shares of J stock opened at $139.71 on Friday. The stock has a 50-day moving average price of $140.39 and a 200 day moving average price 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 firm has a market cap of $17.49 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.61 and a beta of 0.73. Jacobs Solutions Inc. has a 12 month low of $116.00 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. Research analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on J. Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Argus lifted their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Robert W. Baird cut their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Citigroup lifted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.