Fulton Bank N.A. Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Fulton Bank N.A. lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 14.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,284 shares of the company’s stock after acquiring an additional 942 shares during the period. Fulton Bank N.A.’s holdings in Jacobs Solutions were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of J. Boston Partners raised its holdings in shares of Jacobs Solutions by 268.4% during the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after acquiring an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after acquiring an additional 951,369 shares during the period. Baupost Group LLC MA purchased a new position in shares of Jacobs Solutions during the 3rd quarter worth $66,583,000. Third Point LLC increased its position in shares of Jacobs Solutions by 32.8% during the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in shares of Jacobs Solutions by 117.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J traded up $0.16 on Thursday, reaching $141.16. The stock had a trading volume of 952,468 shares, compared to its average volume of 652,095. 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 12-month low of $114.09 and a 12-month high of $154.50. The business’s 50-day moving average price is $140.84 and its 200 day moving average price is $139.94. The stock has a market cap of $17.67 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

J has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial dropped their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Argus lifted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Robert W. Baird dropped their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s 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 transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $3,503,195 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.