First Hawaiian Bank Has $1.50 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

First Hawaiian Bank lifted its position in Jacobs Solutions Inc. (NYSE:J) by 2.3% in the second quarter, HoldingsChannel.com reports. The firm owned 10,750 shares of the company’s stock after acquiring an additional 244 shares during the period. First Hawaiian Bank’s holdings in Jacobs Solutions were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of J. PNC Financial Services Group Inc. lifted its position in shares of Jacobs Solutions by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after buying an additional 2,836 shares during the period. AGF Management Ltd. lifted its holdings in shares of Jacobs Solutions by 1.5% during the fourth quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock valued at $157,947,000 after acquiring an additional 18,484 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after purchasing an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Jacobs Solutions by 90.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after purchasing an additional 8,848 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Jacobs Solutions by 76.0% during the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock worth $4,429,000 after purchasing an additional 14,740 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on J. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Robert W. Baird dropped their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Truist Financial decreased their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Citigroup lifted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 21,000 shares of company stock valued at $2,983,750. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Up 1.4 %

J stock traded up $1.99 during midday trading on Tuesday, reaching $142.12. The company’s stock had a trading volume of 446,192 shares, compared to its average volume of 659,084. The business’s 50-day simple moving average is $141.45 and its 200-day simple moving average is $143.19. The stock has a market cap of $17.80 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50. 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 (NYSE:J) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (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 for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. Jacobs Solutions’s payout ratio is currently 22.39%.

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.