Sanibel Captiva Trust Company Inc. Cuts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Sanibel Captiva Trust Company Inc. trimmed its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 12.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,898 shares of the company’s stock after selling 415 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Jacobs Solutions were worth $405,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $3,622,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $59,000. Louisiana State Employees Retirement System bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $986,000. SVB Wealth LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $210,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Jacobs Solutions by 9.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,589 shares of the company’s stock worth $2,932,000 after acquiring an additional 1,959 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on J shares. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Truist Financial reiterated a “hold” rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.40.

Jacobs Solutions Price Performance

NYSE J traded up $0.72 on Wednesday, hitting $148.18. The company had a trading volume of 76,950 shares, compared to its average volume of 667,057. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The company has a market capitalization of $18.55 billion, a PE ratio of 28.47, a PEG ratio of 1.67 and a beta of 0.70. The company’s fifty day moving average price is $142.79 and its 200-day moving average price is $143.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,451 shares of company stock valued at $3,196,336. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Company 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.