Jacobs Solutions Inc. (NYSE:J) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,749 shares of the company’s stock after selling 844 shares during the quarter. OLD National Bancorp IN’s holdings in Jacobs Solutions were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its holdings in Jacobs Solutions by 8.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after purchasing an additional 137,213 shares during the period. Sei Investments Co. increased its stake in Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after purchasing an additional 66,002 shares during the last quarter. Everett Harris & Co. CA raised its holdings in shares of Jacobs Solutions by 12.5% during the first quarter. Everett Harris & Co. CA now owns 94,266 shares of the company’s stock worth $14,492,000 after purchasing an additional 10,470 shares during the period. Finally, Duality Advisers LP lifted its position in shares of Jacobs Solutions by 1,241.6% in the 1st quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock worth $3,888,000 after buying an additional 23,404 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Activity

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock worth $2,152,693 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

J has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Stock Performance

Shares of J opened at $141.75 on Wednesday. The firm has a market capitalization of $17.75 billion, a PE ratio of 27.36, a P/E/G ratio of 1.39 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $144.60 and a 200 day moving average price of $142.81. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $144.56.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the firm posted $1.82 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.