Jacobs Solutions Inc. (NYSE:J) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 344,704 shares of the company’s stock after selling 29,110 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.28% of Jacobs Solutions worth $48,159,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of J. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $27,000. Bruce G. Allen Investments LLC lifted its position in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Jacobs Solutions during the 4th quarter valued at about $30,000. Union Savings Bank grew its position in Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $39,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.2 %

Shares of NYSE J opened at $146.91 on Monday. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.67 and a beta of 0.70. The business has a 50 day simple moving average of $142.47 and a 200 day simple moving average of $143.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. On average, research analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.79%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insiders Place Their Bets

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at $77,426,029.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 21,000 shares of company stock valued at $2,983,750 in the last quarter. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.40.

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.