Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,697 shares of the company’s stock after purchasing an additional 117 shares during the quarter. Fifth Third Bancorp’s holdings in Jacobs Solutions were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC increased its stake in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $30,000. Union Savings Bank lifted its stake in shares of Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth about $39,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $149.00 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The business has a 50 day moving average price of $143.37 and a two-hundred day moving average price of $144.00. The firm has a market cap of $18.66 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. Jacobs Solutions’s payout ratio is 22.39%.

Analyst Ratings Changes

Several research firms recently commented on J. Truist Financial restated a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. 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 note on Wednesday, August 14th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $160.40.

Insider Buying and Selling

In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value 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. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. 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 firm’s stock in a transaction dated Friday, August 16th. The stock was 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 directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,451 shares of company stock worth $3,196,336. Corporate insiders own 1.00% of the company’s stock.

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.