First American Trust FSB Sells 34,527 Shares of Jacobs Solutions Inc. (NYSE:J)

First American Trust FSB reduced its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 93.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,245 shares of the company's stock after selling 34,527 shares during the quarter. First American Trust FSB's holdings in Jacobs Solutions were worth $291,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new stake in Jacobs Solutions in the 3rd quarter valued at approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at $5,192,000. Wellington Management Group LLP increased its position in shares of Jacobs Solutions by 62.7% during the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company's stock valued at $8,328,000 after purchasing an additional 23,509 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Jacobs Solutions by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company's stock valued at $94,452,000 after purchasing an additional 62,259 shares during the period. Finally, Raymond James & Associates increased its position in shares of Jacobs Solutions by 14.7% during the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company's stock valued at $10,988,000 after purchasing an additional 10,296 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on 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 sale, the insider now owns 555,138 shares of the company's stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 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 value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company's stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company's stock, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on J. Royal Bank of Canada lifted their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Bank of America lifted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. KeyCorp began coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Argus lifted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Finally, Truist Financial began coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a "hold" rating and a $154.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.08.

Jacobs Solutions Stock Up 0.7 %

Shares of Jacobs Solutions stock traded up $1.03 during midday trading on Tuesday, hitting $145.01. The company's stock had a trading volume of 589,256 shares, compared to its average volume of 669,000. The firm has a market capitalization of $18.22 billion, a P/E ratio of 25.89, a PEG ratio of 1.53 and a beta of 0.73. The stock has a 50-day simple moving average of $147.66 and a 200-day simple moving average of $137.47. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion during the quarter, compared to analysts' expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.29 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions's dividend payout ratio (DPR) is presently 20.71%.

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.