Jacobs Solutions Inc. (NYSE:J) Shares Sold by Simmons Bank

Simmons Bank lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,919 shares of the company’s stock after selling 700 shares during the period. Simmons Bank’s holdings in Jacobs Solutions were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Pacific Financial acquired a new position in Jacobs Solutions in the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new position in shares of Jacobs Solutions during the fourth quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new position in Jacobs Solutions during the fourth quarter valued at $59,000. Private Trust Co. NA lifted its stake in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after acquiring an additional 87 shares in the last quarter. Finally, Evolution Advisers Inc. acquired a new stake in Jacobs Solutions during the 4th quarter worth about $77,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

J stock traded down $3.43 during midday trading on Wednesday, hitting $138.21. The stock had a trading volume of 821,511 shares, compared to its average volume of 648,015. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $147.34 and a 200 day simple moving average of $138.31. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s payout ratio is 20.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on J shares. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Royal Bank of Canada increased their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Argus upped their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Robert W. Baird reduced their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, KeyCorp began coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly 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 SEC, which is accessible through this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold 24,338 shares of company stock worth $3,618,695 in the last three months. Insiders own 1.00% of the company’s stock.

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.